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DUBAI: Qatar’s Baladna plans to grow crops in Bulgaria and Romania as the Gulf state boosts its food security in the wake of a pandemic that has exposed the fragility of the global supply chain. The Doha-listed company also plans to add 1,000 hectares of farm land to grow green crops as it expands its product line ahead of the 2022 World Cup. Baladna managing director Ramez Al-Khayyat told Bloomberg TV on Wednesday it planned to add 50 more products this year to boost its domestic market while also expanding overseas. “Today we are exporting to 11 countries from five countries last year,” he said. “In Romania and Bulgaria where we are targeting some backward integration in order to grow our crops there.” ....
Saudi Arabia’s Salic to step up India agri investments SECTIONS Last Updated: Mar 05, 2021, 02:13 PM IST Share Synopsis Salic, wholly-owned by Public Investment Fund, will invest in agricultural projects and livestock production by partnering with governments across “multiple geographic areas”, the company said. Agencies The Indian food processing sector ranked number five globally is growing at a CAGR of 12% and expected to reach US $730 billion by FY24. Saudi Arabia’s Salic, which has 29% minority stake in LT Foods subsidiary Daawat Foods, will step up investments in the Indian agricultural ecosystem, Salic and United Farms Investment Company group chief executive Sulaiman AlRumaih said, during an India visit this week. ....
Go Your browser has Javascript disabled, so some things may not quite work how they should on LI right now: please enable JavaScript in your browser to fix things, we have no nefarious trackers, or scripts by Facebook, Google or others. In Brief Friday, 11 December 2020 18:22 Corporate M&A LT Foods. said that it has entered into a shareholder’s agreement with United Farmers Investment Company in connection with a proposed acquisition of the stake currently held by India Agri Business Fund Ltd and Real Trust by the Investor in Daawat Foods. LT Foods announced that Saudi Agricultural & Livestock Investment Company has acquired a stake in Daawat Foods (subsidiary of L T Foods) through its subsidiary United Farmers Investment Company. ....