INTERVIEW- UAE, Saudi eye joint investments to reduce food security risks: UAE ministry undersecretary | ZAWYA MENA Edition:
"The United Arab Emirates (UAE) and Saudi Arabia are looking to ramp up their partnerships and joint ventures in order to bolster food security levels for their growing populations, a senior UAE official said. “Today neither UAE nor Saudi are arable lands. So the food security concerns created a will for both countries to get into joint investments that could see a third party or country, not necessarily in UAE or Saudi,” Abdulla Al Saleh, Undersecretary for Foreign Trade and Industry at the UAE Ministry of Economy told Zawya in an Arabic interview at a business forum in Abu Dhabi this month. “This is one of the ways to reduce the investment and production costs of food commodities. When there is a larger capital along with a bigger target market, the investment return is definitely better,” he added."
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