Saudi-based investment firm Binladin Group is
mulling at investing on agriculture projects here worth an estimated US$4.3
billion, which will be spent within the course of 15 years, says an official.
"Every 5,000 hectares would require about $43 million in investment,” Shihab estimated after meeting officials from the group.
Also speaking to reporters that day, Binladin Group board member and executive managing editor Abu Bakar S. Al-Hamed confirmed that the firm would focus on rice and other commodities and that more studies were required prior to making final decision about the investment. (and)
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