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Saudi Arabia’s SALIC UK Ltd is investing $51 million this year in farm machinery to cultivate its 195,000 hectares of Western Ukraine farmland

Tuesday, April 2, 2019
Saudi Arabia’s SALIC UK Ltd is investing $51 million this year in farm machinery to cultivate its 195,000 hectares of Western Ukraine farmland

Saudi Arabia’s SALIC UK Ltd is investing $51 million this year in farm machinery to cultivate its 195,000 hectares of Western Ukraine farmland, split between two companies, MRIYA Agro Holding and Continental Farmers Group. According to Georg von Nolcken, the new chief operating officer of the combined companies, SALIC is buying almost 300 pieces of machinery, including tractors, combines, self-propelled sprayers, and transport trailers.

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Wednesday, April 3
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In a big switch, China’s state export credit agency is extending $1 billion of insurance cover to allow Naftogaz to get low-cost credit to buy high tech Chinese equipment.

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