Al-Amoudi to grow rice for export to Middle East – By Jason McLure (Bloomberg)

February 17th, 2010 Print Print Email Email

An Ethiopian company owned by Saudi billionaire Mohammed Al-Amoudi signed a contract with Japan’s Satake International Co. Ltd. to build a $9.4 million rice- processing plant in the Horn of Africa country, the Ethiopian News Agency reported, (more…)

An Ethiopian company owned by Saudi billionaire Mohammed Al-Amoudi signed a contract with Japan’s Satake International Co. Ltd. to build a $9.4 million rice- processing plant in the Horn of Africa country, the Ethiopian News Agency reported, citing Haile Asegide, director general of Saudi Star Agricultural Development Plc.

The 10,000-hectare farm in western Ethiopia will grow rice for export to the Middle East, the Addis Ababa-based news service said.

Comments are closed.