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Saudis Invest $11 Billion in Agriculture Abroad, Al-Watan Says

Sept. 19 (Bloomberg) -- Saudi Arabia has invested more than 40 billion riyals ($11 billion) to expand agricultural and livestock production outside the kingdom, al-Watan reported, citing Eid al-Ma’arik, chairman of the agricultural investment committee at the Saudi Council of Chambers.

Most of the investments were made in the Ukraine, Brazil, Argentina and Canada, the newspaper said.

To contact the reporter on this story: Deema Almashabi in Riyadh at dalmashabi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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