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Saudis and Russians enthusiastic about mutual agriculture investmentsLast Monday Russia’s deputy Minister of Agriculture, Sergey Levin, and his delegation of representatives of various Russian companies visited Riyadh. There they met for an enthusiastic discussion of mutual investment opportunities.
Ahmed Al-Rajhi, chairman of the Council of Saudi Chambers, who welcomed the delegation, called for benefiting from Russian experiences in the fields of technology, food industries, agricultural production and livestock by establishing joint projects and localization of these technologies in the Kingdom, opening the way for investors in both countries.
Mikhail Mamonov, managing director for International Trade Promotion from the Russian export centre, told Arab News: “Russia is looking forward to maximizing its exports. This is a pivotal moment for our two countries. We need to move beyond the words. I see aspects where we can be proactive, for example the agricultural mission.”
Levin said: “We look forward to more agreements and trade deals in the agriculture and livestock sector. Russia has always been a big agricultural producer; the government supports exporting and marketing Russian products abroad.” Levin also noted the importance of halal products, as Russia will be dealing with a Muslim country.
Riyadh Al-Khamees, head of the Saudi agricultural sector at the Saudi Council of Chambers, noted that mutual trade would benefit both parties, seeing that “during winter, Russia needs vegetables.” He also noted that Russia has a perfect environment for planting wheat, and it would help to expand Saudi farming in Russia with the Kingdom providing fertilizers produced by SABIC.
Publication date: 12/19/2017
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