Saudi Private Sector to Explore Agricultural Investment Opportunities in 10 Arab Countries

Great opportunities for the Saudi private sector to invest in local and foreign agricultural projects. (Asharq Al-Awsat)
Great opportunities for the Saudi private sector to invest in local and foreign agricultural projects. (Asharq Al-Awsat)
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Saudi Private Sector to Explore Agricultural Investment Opportunities in 10 Arab Countries

Great opportunities for the Saudi private sector to invest in local and foreign agricultural projects. (Asharq Al-Awsat)
Great opportunities for the Saudi private sector to invest in local and foreign agricultural projects. (Asharq Al-Awsat)

The Saudi private sector plans to explore investment opportunities in the agricultural sector in 10 Arab countries, including Saudi Arabia, official data revealed on Saturday.

The Federation of Saudi Chambers (FSC) had presented a comprehensive and detailed list on the future projects in the specified countries, to benefit the companies and institutions operating in the Kingdom and give them the opportunity to expand their businesses abroad and achieve their goals.

According to the information obtained, the FSC received a letter from the Union of Arab Chambers (UAC) on the existing cooperation with the Arab Authority for Agricultural Investment and Development (AAAID).

The AAAID was established in 1976 and contributes to the capital of 53 major agricultural companies across 12 Arab countries.

The information revealed that the agricultural investment opportunities are available in Morocco, Mauritania, Tunisia, Oman, the United Arab Emirates, Egypt, Qatar, Iraq and Saudi Arabia.

The FSC called on the interested private sector companies to review the available opportunities.

Asharq Al-Awsat obtained a copy of the list, which indicated that the opportunities available in the Kingdom lie in contributing to the financing of projects through loans or equity to complete the implementation of the hatchery’s second phase.

This would increase the capacity to 80 million eggs per year, as well as maternal farms to produce chicks and establish a fodder factory.

Investors could also participate in or contribute to fully exploiting the production capacity of the Arab Sea Goods Factory in Jeddah (west of the Kingdom).

They can also contribute to the reoperation of the first phase of a special project on shrimp on an area of ​​700 hectares and the completion of the following phases.

The private sector also has great chances to participate in investment opportunities in Sudan, where there are nearly 11 projects, topped by the contribution to increase the capital of the Arab Sudanese Seed Company, modernize its assets and components and introduce modern technologies.

In addition to that, they can ink strategic partnerships with an international seed company, benefit from its expertise in producing hybrid seeds for the targeted crop varieties, expand its activities and export its products to the markets of neighboring countries.

The list also revealed investment opportunities in Morocco, noting that investors can contribute to the capital of a project related to vegetables, fruits, concentrated juices and jams, as well as all kinds of berries, citrus, olives and virgin olive oil.

As for Mauritania, it has projects related to cherry tomatoes, melon, green beans, fruits, potato and rice seed propagation.

The opportunity lies in participating or contributing to increasing the capital of the company operating in the sector to expand its activities in the field of agricultural services.

This in addition to another project that includes the production of a group of agricultural crops, a large part of which will be allocated for export, as well as contributing to the establishment of all poultry meat and table eggs.

According to the list, there are four projects in Tunisia, most notably the rehabilitation of a raw milk, wheat and fodder crops project.

Investors can also contribute to the capital of the Tunisia Fisheries Fund, as well as an opportunity to extract Fitura oil, increase production capacities, and provide loans for the implementation of cooling, grading and packaging units for peaches, apricots, plums, apples, citrus fruits and potatoes.

The AAAID set specific criteria for the projects it plans to invest in in the future that come in line with its strategy.

They cover the operational and financial aspects and enable direct and quick verification of the extent to which these projects are compatible with the authority’s strategy.



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.