Agroinvest to focus on home market
Saudi-based agricultural investment firm Agroinvest, which plans to raise SR1 billion ($267 million) in January, will focus on its home market before any expansion abroad, its chairman said.
Agroinvest, or the International Agriculture and Food Investment Company, is among the biggest of many private firms involved in foreign farm investment and which were set up in the kingdom as import-reliant Gulf countries started buying or leasing land in developing nations to ensure food supplies.
Usamah Al Kurdi, who chairs Agroinvest’s founding committee, said his firm would focus first on opportunities in poultry, fisheries, shrimp, greenhouse business and the trading of food products within Saudi Arabia.
Forum attracts 400 delegates
QInvest, Qatar’s leading investment bank, welcomed over 350 leaders and decision-makers from the world of industry and finance banking to the 2nd Annual Qatar Global Investment Forum 2010 (QGIF 2010), hosted by Sheikh Jassim Bin Hamad Bin Jaber Al Thani, QInvest’s chairman.
The event, organised by Institutional Investor Conferences and supported by lead sponsor Qatar Financial Centre Authority, brought together international and regional investors with industry leaders and high-profile government officials at the Four Seasons Hotel, Doha.
The most high-profile investment-focused event held in Qatar this year, QGIF 2010 attracted 400 delegates from 30 countries.
UK firm to open Mideast office
Recently opened Aberdeen (Scotland)-based Coretrax Technology has announced it will open an office in the Middle East in six months where it says it has some large projects in the pipeline.
The company specialises in the design and production of innovative and reliable wellbore tools for drilling, completion and workover operations and is focused on developing new wellbore technologies for oil majors globally, said its founder, managing director Kenny Murray.
He said Coretax had completed 34 wellbore cleanup operations this year and projected it would have 80 projects in 2011. The firm began operating in April 2009.
Index Design event held
The Index Design Show 2010, a leading interior design event in the region, took place at the Dubai World Trade Centre with over 1,000 companies taking part in it.
Index was established as a key event on the international design industry’s calendar.
