Fatima Group enters into JV with Saudi, Chinese firms

MG News | March 07, 2022 at 05:15 PM GMT+05:00

0:00

March 07, 2022 (MLN): Fatima Group has entered into a Joint Venture (JV) with Saudi Arabia’s Sarh Attaqina Co & China Machinery Engineering Company (CMEC), Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razzaq Dawood said today.

Last week, Fatima Group signed two deals valued at $1 billion in total, with Saudi firm Sarh Attaqnia Co., and China Machinery Engineering Company (CMEC), at Expo 2020’s Pakistan pavilion during agriculture week.

These companies specialize in the development of agricultural value chain, export marketing, adoption of climate-smart precision agricultural practices and production of enhanced high-yield seeds.

The formal signing was held in Pakistan Pavilion at the Expo 2020 in Dubai.

While congratulating, the adviser said that Pakistan is an agriculture country and this JV will enhance R&D to increase yield in Pakistan’s Agriculture sector for domestic use and for exports as well.

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