7/15/2009

Saudi company to invest USD 3 billion in agricultural projects

Zaman - Turkey is expected to become a global power in agriculture once the Southeastern Anatolia Project (GAP) becomes operational. In this regard, foreign investors have already started to show great interest in investing in Turkey. Following Vision3, an investor fund from Abu Dhabi, Saudi Arabia-based Planet Food World has now announced plans to invest USD 3 billion in Turkey’s agricultural sector. Meanwhile, having signed a Memorandum of Understanding (MoU) with the Investment Support and Promotion Agency of Turkey (ISPAT), Vision3 said it aims to invest a total of USD 6 billion. According to the Saudi media, Planet Food World will export Turkey-manufactured and processed products to the Gulf countries and Russia.

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