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CIC Agri grows footprint to the Middle East in tie up with Qatar firm

Sep 14, 2011 3:26:43 PM - www.ft.lk

CIC Agri Businesses, a leading agri business conglormerate has signed a Memorandum of Understanding with Sulaiteen Agricultural & Industrial Complex (SAIC), the largest private sector agriculture company in Qatar with a view to forming a joint venture company shortly.

A CIC Agri Business spokesman said the company would initially export outdoor and indoor plants, rice, fresh fruits, and vegetables to the markets in Qatar having identified them as the initial areas to focus on in order to enter into the market.
In addition the two companies will also explore the possibilities of establishing projects in the field of Tissue Culture Propagation, Fresh Water Aquaculture, Fruit Production Research in Seed Production and look into the feasibility of banana production.
SAIC is the largest Private Sector Agri Business Company in Qatar and produces over 100 acres of vegetables under poly tunnels and in open fields. In addition, the company also grows some selected ornamental and flower plants under poly tunnels. The company which is currently involved in large scale research on Desert Agriculture is also the largest landscaping company in the State of Qatar.
CIC Agri Business on the other hand has a strong Agri Presence in the island where it owns five large farms and works with over 25,000 out growers to produce seed paddy, rice, maize, fruits, vegetables etc. From a single Agri-input company, CIC Agri Businesses has grown to an Agri Business conglomerate today and has acquired market leadership in many Agri Business sectors.

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