Agri firm to handle foreign investments

Updated 09 May 2012
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Agri firm to handle foreign investments

The Ministry of Agriculture wants to hand over the file of foreign agricultural investments to the Saudi Company for Agriculture Investment and Animal Production (SCAIAP), Dammam-based Arabic daily Al-Sharq reported Tuesday quoting the Minister of Agriculture Fahd Balghunaim.
The minister said the file was under the custody of a government team comprising the Minister of Commerce and Industry (chairman) and the Minister of Agriculture as his deputy in addition to the undersecretaries of the Ministries of Agriculture, Commerce, Finance and Foreign Affairs.
"Handing over the file of the Saudi agricultural investment abroad to a company will save time and effort for a number of government ministries," he said.
SCAIAP is a government-owned company that the Ministry of Finance established. The General Investments Fund represents them with a capital of SR3 billion.
Balghunaim said investing in agriculture in foreign countries would help save the Kingdom's water resources. "The Kingdom's agricultural strategy is three-pronged: Local production, importing and foreign investments," he said, adding that the private sector is continuing its agricultural investments abroad.
The minister also revealed conducting negotiations to investment in agriculture in Bulgaria and Ukraine to provide the Kingdom with agricultural products.


Digital-screen buses aim to boost Saudi patriotism

Saudi Islamic Affairs organized a wide range of activities, including a display of Saudi leadership’s visuals on digital-screen buses. (SPA)
Updated 25 September 2018
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Digital-screen buses aim to boost Saudi patriotism

  • King Abdul Aziz International Competition for Memorizing the Holy Qur’an” will be held at the Prophet’s Mosque in Madinah on Oct. 6

RIYADH: To mark the National Day, the Ministry of Islamic Affairs organized a wide range of activities, including a display of Saudi leadership’s visuals on digital-screen buses, as well as cars distributing gifts among citizens and expats in Riyadh and other cities.
Under the directives of Minister of Islamic Affairs, Sheikh Abdullatif bin Abdul Aziz Al-Asheikh, more than 28 million text messages are being sent through the Saudi Telecom Company (STC) to promote national values.  The move is taken in cooperation with the General Directorate for Scientific and Intellectual Awareness.
Separately, authorities said recently that “King Abdul Aziz International Competition for Memorizing the Holy Qur’an” will be held at the Prophet’s Mosque in Madinah on Oct. 6.
Commenting on the event, Al-Asheikh praised King Salman for his special care and attention for the competition. Al-Asheikh said the contest it aimed to encourage Muslims to memorize, recite and interpret the holy book. He noted that the ministry has completed its preparations to receive participants for the competition.