SABIC Agri-Nutrients collaborates with PIF-owned SALIC to promote food security

The potential deal sets out a framework to address growing environmental challenges and ensure food security through joint investments. (Supplied)
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Updated 29 August 2022
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SABIC Agri-Nutrients collaborates with PIF-owned SALIC to promote food security

RIYADH: SABIC Agri-Nutrients Co. has signed a memorandum of understanding with Public Investment Fund-owned Saudi Agricultural Livestock Investment Co. to study the possibility of collaboration in the field of food security.

The potential deal sets out a framework to address growing environmental challenges and ensure food security through joint investments, according to a bourse filing.

“Our MoU with SALIC will jointly identify, prioritize and execute opportunities in the area of fertilizers, where our expertise is helping farmers produce higher yields and is playing a vital role in providing secure, reliable food sources,” said Yousef Al-Benyan, chairman of SABIC AN.

The agreement will be valid until the end of February 2024 and there is currently no financial impact.

“SALIC’s geographically diverse investments in agriculture provide the appropriate channels for marketing and exporting Saudi fertilizers to different countries,” said Abdul Rahman Al-Fadhli, Minister of Environment, Water and Agriculture, and chairman of SALIC. 

He said this will contribute significantly to sustaining agricultural production in those countries, and goes in line with the realization of the Kingdom’s food security strategy.


Saudi Arabia among top states in tech security with 99% score, says official  

Updated 21 December 2025
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Saudi Arabia among top states in tech security with 99% score, says official  

RIYADH: Programs and security initiatives launched by the Ministry of Interior have contributed significantly to improving quality of life in Saudi Arabia by generating high-quality data that supports planning and enables faster responses, placing the Kingdom in the global spotlight, Khalid Al-Bakr, CEO of the Quality of Life Program, told Al-Eqtisadiah. 

He noted that the Unified Security Operations Centers 911 in Riyadh, the Eastern Province, Madinah, and Makkah are among the Quality of Life Program’s initiatives implemented in partnership with the Ministry of Interior, producing data that helps develop plans and ensure swift responses to incidents. 

Al-Bakr added that technology has been integrated into security capabilities, including the use of body cameras for security personnel, which has helped maintain high levels of public safety. 

He highlighted that reporting violations or crimes via 911 has an average response time of just two seconds, describing it as a technological leap that serves residents and visitors alike and enhances trust in security services. 

The CEO of Saudi Arabia’s Quality of Life Program said the Kingdom ranks among the top countries globally in security technology, with a 99 percent rating, emphasizing that Saudi Arabia is a leader in leveraging advanced security technologies to serve residents and visitors, making it an attractive place to live and visit. 

Al-Bakr explained that the major transformation in the use of technology — particularly in services provided by the Ministry of Interior — has had a significant impact on quality of life, noting that accessing services such as passport or national ID renewal has become faster and more convenient, often available at the click of a button.