Saudi Arabia and Oman have signed a Memorandum of Understanding (MoU) to establish a liquid fertilisers factory in the kingdom to increase agricultural production.
The new factory, manufacturing soluble crop nutrients, is expected to support agricultural production increase in the kingdom, which comes within the targets of Saudi Arabia's Vision 2030, a Saudi Gazette report said.
The MoU was signed between Saudi Arabia's Investment Ministry and the Al-Aflaj international company, a private sector entity in Oman.
The ministry said investments in the organic fertilisers project will contribute to accelerating agricultural production, and also meet the growing local and regional demand in a number of partner countries, such as Oman, GCC and African countries, in light of the abundance of arable land in the kingdom.-- TradeArabia News Service
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