Government to set up agricultural firm to manage investments
Saudi Arabia's Ministry of Environment, Water and Agriculture plans to set up a state-owned company to provide agricultural services within six months, Al Eqtisadiah newspaper reported, citing the Ministry’s counsel for agricultural affairs Ahmed Al-Eyada. The new company will also work on investing and renting state-owned land and properties, Al-Eyada added. The Ministry is currently in the process of determining the company’s capital and obtaining regulatory approvals, the counsel said.
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