A newly established investment firm by a group of Saudi businessmen has announced plans to invest in agricultural products in Asia, the Financial Times has reported. The SR100m ($26.6m) Far East Agricultural Investment has already arranged leases in Cambodia, Vietnam, Pakistan and the Philippines for aromatic and long grain basmati rice, both intended to export to Saudi Arabia at market prices, according to Mohammed Abdulla al-Rajhi, chairman of the new company.
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