Saudi Arabia’s Ministry of Investment and Muscat, Oman-based Aflag International Co. have inked a Memorandum of Understanding (MOU) to establish a fertilizer plant in the Kingdom.
The proposed plant will produce organic liquid fertilizers that provide soluble crop nutrients, according to an Arab News report. No details of the planned production capacity have been reported.
In addition to helping to further accelerate agricultural production in Saudi Arabia, output from the new facility will be marketed in Oman and in other Gulf Cooperation Council countries, as well as in Africa.
The Aflag Group is a consortium of diverse companies specializing in construction, real estate, pharmacies, and various service-based businesses.