Saudi May Invest in Philippine Farm Sector

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By the Philippine Star

A high-level delegation from the Kingdom of Saudi Arabia (KSA), led by its Agriculture Minister Fahad Balghunaim, will arrive this month to explore possible investments in the Philippines’ farm sector.

This was announced yesterday by Agriculture Secretary Arthur Yap who has created an organizing committee headed by Undersecretary for Special Concerns Berna Romulo Puyat and co-chaired by Marriz Agbon, the president of the Philippine Agricultural Development and Commercial Corp. (PADCC), to handle preparations for the visit of a 28-man delegation comprised of representatives from Saudi Arabia’s government and private sectors.

The visit, scheduled from May 5-10, is in response to the invitation of President Arroyo to the Saudi government during her working visit to Saudi Arabia last February.