Saudi Rice Farm in Ethiopia to Get Japanese Factory, ENA Reports

February 16th, 2010 | by addis portal |

By Jason McLure

Feb. 16 (Bloomberg) — An Ethiopian company owned by Saudi billionaire Mohammed Al-Amoudi signed a contract with Japan’s Satake International Co. Ltd. to build a $9.4 million rice- processing plant in the Horn of Africa country, the Ethiopian News Agency reported, citing Haile Asegide, director general of Saudi Star Agricultural Development Plc.

The 10,000-hectare farm in western Ethiopia will grow rice for export to the Middle East, the Addis Ababa-based news service said.

To contact the editor responsible for this story: Athol Bolleurs at +27-11-286-1933 or abolleurs@bloomberg.net

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