Support The Moscow Times!

Saudis Want Grain Venture

Saudi Arabia has proposed forming a joint venture to export Russian grain, Saleh Al-Shoaibi, head of the Saudi Shura Council economic affairs and energy committee, said at a meeting with Federation Council Deputy Speaker Ilyas Umakhanov on Monday.

The Saudi delegation also visited the Agriculture Ministry.

The joint venture could build grain storage capacity in Saudi Arabia and sell grain to neighboring countries, Al-Shoaibi said. "It will be the base for distributing product to Middle Eastern countries," he said. "On behalf of the Saudi business community, we express readiness to conclude a memorandum of understanding on formation of a JV during this visit."


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.