SALIC considers Russian grain investment

Updated 06 October 2017
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SALIC considers Russian grain investment

MOSCOW: Saudi Arabia’s SALIC is considering investing in a Russian grain producer owned by Russian conglomerate Sistema and members of the Louis-Dreyfus family, Sistema said on Thursday.
Saudi Arabia began scaling back its domestic wheat-growing program in 2008, planning to rely completely on imports by 2016 to save water. Russia, one of the world’s top grain exporters, is expected to harvest a record grain crop in 2017.
The Saudi Agriculture and Livestock Investment Company (SALIC) was formed in 2011 to secure food supplies for the kingdom mainly through mass production and foreign investments.
RZ Agro, a joint venture between Sistema and Louis-Dreyfus family members, was created in 2012. It produces grain and has a land bank of 106,000 hectares in Russia’s southern regions.
“The parties will discuss the structure and parameters of the potential deal after the due diligence of RZ Agro Holding Ltd,” Sistema said in a statement.
The memorandum of understanding was one of several signed at the Russian-Saudi Business Investment Forum in Moscow. Saudi Arabia’s King Salman is meeting Russia’s President Vladimir Putin in the Russian capital on Thursday.


KSRelief entertains children, orphans’ families in Yemen

The children expressed their happiness to be briefed about their country’s culture. (SPA)
Updated 48 min 35 sec ago
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KSRelief entertains children, orphans’ families in Yemen

  • KSRelief is working to rehabilitate 241 children recruited by the terrorist Houthi militias from several Yemeni governorates as part of its humanitarian project, which aims to return 2,000 children in Yemen to their normal lives.

JEDDAH: King Salman Humanitarian Aid and Relief Center (KSRelief) has organized an entertainment trip for 26 children formerly recruited by the terrorist Houthi militias. The will be taken to see touristic and historical landmarks in Marib governorate, as part of the center’s rehabilitation program to rehabilitate 80 children.

The children expressed their happiness to be briefed about their country’s culture, where they visited the Throne of Bilqis, the old and new Marib Dam, and saw the flow of water through the irrigation channels extending over Wadi Obeida.

The trip included entertainment activities and sports competitions, which added an atmosphere of fun in order to rid children of the effects of forced recruitment.

KSRelief is working to rehabilitate 241 children recruited by the terrorist Houthi militias from several Yemeni governorates as part of its humanitarian project, which aims to return 2,000 children in Yemen to their normal lives.

The center also organized a day trip in Hadhramaut for 50 families supporting 218 orphans.