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.



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.