Agroinvest eyes Saudi market for expansion

02 Nov 2010

(MENAFN) Usamah Al Kurdi, Chairman of or the International Agriculture and Food Investment Company (Agroinvest), announced that the firm will primarily focus on the Saudi market before proceeding to expand abroad, Gulf Daily News reported.

The Saudi-based agricultural investment plan will focus on Saudi market before any expansion abroad, primarily focusing on opportunities in poultry, fisheries, shrimp, green house business and trading of food products.

In the upcoming years, Agroinvest plans on raising an additional $267 million to pursue opportunities abroad since the state-owned Saudi Industrial Development Fund is granting financing facilities to firms exploring agricultural investments outside the Kingdom.

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