The Saudi Agricultural and Livestock Investment Company (SALIC) is Interested in Cooperation with Kazakhstan

Riyadh, August 27, 2024 - Ambassador of Kazakhstan to Saudi Arabia Madiyar Menilbekov met with the CEO of SALIC Sulaiman AlRumaih.

During the meeting, the parties discussed ways to intensify cooperation between Kazakhstan and SALIC, including the possibility of implementing promising investment projects in the field of agriculture and the agro-industrial complex in Kazakhstan.

Ambassador M. Menilbekov informed about the agro-industrial potential of Kazakhstan, investment opportunities in the agricultural sector, as well as government measures taken to stimulate and attract foreign capital to the country's economy.

For his part, S. AlRumaih introduced with the activities of the SALIC holding and plans for business development and expressed readiness to establish close cooperation with Kazakh companies and representatives of the agro-industrial sector.

The Saudi Agricultural and Livestock Investment Company (SALIC) was established by Royal Decree No. M / 22 dated 4/18/1430 AH corresponding to 4/14/2009 AD as a Saudi joint-stock company owned by the Public Investment Fund. Its doctrine stipulates that all its investment activities should be both inside and outside the Kingdom of Saudi Arabia in order to achieve a food security strategy by providing food products and stabilizing their prices. This is done through establishing subsidiary companies or through national, regional, and international partnerships.