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Bahrain to buy 'farms' in Saudi |
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Tuesday, 05 February 2008 |
Gulf Daily News - THE Municipalities and Agriculture Ministry, in co-operation with the private sector, plans to buy about 300 million sqm of agricultural land in eastern parts of Saudi Arabia.
These will be rented out to Bahraini farmers on easy terms on condition they plant what the ministry wants, a report says.
The ministry will buy produce from them and sell it in the Bahraini market. Sources in the private sector said the deal may cost more than BD300 million and the ministry would provide water, electricity and seeds. They said the plan would help achieve food security for Bahrain in the long run.
The lands are not far from Bahrain and will provide at least 1,000 jobs for Bahrainis, it said.
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The Gulf in The Press 
