Cooperation agreement in agriculture between Saudi Arabia and Ukraine
The Ministry of Agrarian Policy and Food of Ukraine held a number of meetings with representatives of the government and business of the Kingdom of Saudi Arabia. The parties agreed to develop a number of interstate agreements in the field of the agro-industrial sector and also discussed some investment projects, according to the Minister of Agrarian Policy Roman Leschenko.
Ukraine and Saudi Arabia agreed to develop a comprehensive framework agreement between the countries in the field of agriculture, to diversify sources of supplies of phosphate fertilizers to Ukraine, to increase support from Saudi Arabia for processing Ukrainian agricultural products and implement investment projects for processing and logistics of agricultural products.
The agency also discussed with the Arabian group Ajlan & Bros Holding the possibility of investing in the production of agricultural products in Ukraine, with Almarai – growing alfalfa (Medicago sativa) for its supply to/from Saudi Arabia, with the Saudi Fund for Development – the issues of financial support for irrigation projects, with ARASCO – increasing the volume of grain purchases in Ukraine, with Saudi EXIM Bank – financing the agricultural sector of Ukraine.
One of the key tasks in the near future is to bring the negotiation process to a successful conclusion. We are continuing the dialogue, strengthening trade and investment cooperation with Ukraine’s strategic partner in the agricultural sector.Roman Leschenko, Minister of Agrarian Policy of Ukraine
On November 27, the Ministry of Agrarian Policy and the Arabian leader in manufacturing of irrigation equipment Alkhorayef Group signed a memorandum with the purpose to start up its production in Ukraine. Alkhorayef Industries is the third largest manufacturer of irrigation machines in the world and the first in the Arabian Peninsula. Its activities are spread in 40 countries of the world.