Saudi Arabia

Through a joint venture between Cargill and ARASCO, the Kingdom of Saudi Arabia (KSA) has a new corn milling facility to meet the growing demand of the region's food and beverage industry. The Middle East Food Solutions Company (MEFSCO Corn Milling Facility), inaugurated today in Al-Kharj, is Cargill's first investment in KSA.

Egypt and Saudi Arabia signed an agreement late on Saturday to set up a 60 billion Saudi riyal investment fund among other investment agreements including an economic free-zone to develop Egypt's Sinai region, Egyptian state television reported