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Dubai: Fatima Group, one of many fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over USD1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from Kingdom of Saudi Arabia.
A proper signing of the enterprise partnership was held at the Pakistan Pavilion in line with the continued Agriculture Week at Expo 2020 Dubai. Fatima Group is main the initiative of remodeling Pakistan’s agriculture to function the world’s meals basket. They’ve been generally known as Pakistan’s fastest-growing industrial conglomerate with greater than $1 billion in income in industries like fertilizers, vitality, textiles, sugar, cement, and enterprise capital investments.
“As chairman of a leading Pakistani conglomerate, it is my vision to bring modern precision farming to Pakistan. We as a country are blessed with immense potential and I strongly believe that with the right partners we can create a big difference not just for Pakistan’s food security but the entire region’s. We are grateful to our Chinese and Saudi counterparts who have put their trust and faith in us. I am hopeful that this landmark will lead to many more such partnerships and investment opportunities for future,” mentioned Mian Fawad Ahmed Mukhtar, Chairman of Fatima Group and CEO of Fatima Fertilizer Company Limited.
CMEC as a expertise accomplice, will assist with the adaption of climate-smart precision agriculture farm equipment, improved high-yielding seeds, and different crop inputs in Pakistan. In addition, Sarh Attaqnia Company is a key accomplice that may put money into growing a state-of-the-art agriculture worth chain encompassing sustainable manufacturing, processing, warehousing, and export advertising and marketing of grain crops to assist guarantee regional meals safety.
Pakistan has over 20% of its GDP linked with agriculture and about 64% of the human useful resource related with it. This collaboration will probably unlock an amazing quantity of untapped land assets of Pakistan by bringing fallow lands beneath cultivation for sustainable manufacturing of crops like rice, barley, oats, silage bales for livestock, and dairy business beneath the Corporate Agriculture Farming initiative.
Fatima Group, alongside with the Trade Development Authority of Pakistan, is at the Pakistan Pavilion in Expo 2020 Dubai over the subsequent 4 days, holding a variety of occasions showcasing its dedication to assist guarantee regional meals safety, agricultural innovation, and girls empowerment within the agriculture sector of Pakistan.
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© Press Release 2022
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