Saudi Businessman Plans to Invest in Zambian Fruit Farm, Plant

A Saudi Arabian investor plans to invest in a 5,000 hectare farm and a fruit-processing plant in Zambia, the African country’s Finance Minister Situmbeko Musokotwane said.

The contract will be signed in the next three months for the land, which will be leased, Musokotwane told reporters in Riyadh at a conference today. He didn’t identify the Saudi investor.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net.

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