Saudi firm in $3bn Turkey investment

12 July 2009

Saudi-based private firm, Planet Food World (PFWC) will invest around $3bn to build 20,000 industrial farms in Turkey over the next five years to export food products to the Gulf region, the Saudi Press Agency has report. Turnover from the activities may be in the range of $20bn in five years for the agricultural goods, and could go higher when additional planned food and animal-processing plants are functioning, head of PFWC's Turkish unit, Mete Mutluoglu has said.

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