Saudi Arabia to invest in Mexico’s Agriculture

Saudi businessmen want to invest in the agriculture and fisheries in Mexico, and promote trade and scientific, said the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA).

In a meeting with the country’s ambassador in Mexico, Saudi Arabia’s Alassiri Abdulfatah Mohammad Hussein met with the head of the (SAGARPA) agency, Francisco Mayorga, said the two nations are  interested in sharing knowledge and strengthen trade relations and mutual friendship.

The main products exported to Saudi Arabia are honey, fruits, vegetables, confectionery, chickpeas, juice, pepper and coffee.

Meanwhile he added , foods such as chicken, sugar and boneless beef could represent an opportunity for Mexico in the market of the Arabian Peninsula.

The meeting was also attended by the general coordinator of International Affairs, SAGARPA, Kenneth Smith, who noted that the National Institute for Forestry, Agriculture and Livestock (INIFAP), an agency of the department, could be part of scientific and technological exchange.

With a population exceeding 24 million, the economic engine of Saudi Arabia is oil.

It is estimated that the country has 20 percent of world reserves, while in 2008 exports totaled $ 329 billion and imports $107 billion.

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