The Saudi buyers of Mriya Agro plan to invest $150 million over the next two years to make the western Ukraine farming giant “world class,”
Thursday, September 13, 2018

The Saudi buyers of Mriya Agro plan to invest $150 million over the next two years to make the western Ukraine farming giant “world class,”

The Saudi buyers of Mriya Agro plan to invest $150 million over the next two years to make the western Ukraine farming giant “world class,” according to Mark Laird, the British general manager of Salic’s current Ukraine unit, Continental Farmers Group. Laird, whose farming territory now quadruples to 210,000 hectares, says Salic will invest in new equipment, infrastructure, agricultural technology and consolidation of farm land leases “to build the combined Mriya and CFG operations into a world class farming operation.” In a press statement, Khalid Alabudi, head of SALIC UK, said: “Our subsidiary CFG has been successfully operating in Ukraine since 2006, processing 45,000 hectares in the Lviv and Ternopil regions… [The Mriya] investment will ensure long-term profitability of this remarkable asset.”

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