Fatima Group signed two Memorandums of Understanding (MoUs) worth over US$1 billion with China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) Saudi Arabia.
As part of the Agriculture Week at Expo 2020 Dubai at the Pakistan Pavilion, the official signing of the trade partnership took place. Fatima Group is aiming to turn Pakistan’s agriculture into a food basket for the world. They are known as the fastest growing industrial conglomerate in Pakistan with over US$1 billion in revenue in sectors such as fertilizer, energy, textiles, sugar, cement and venture capital investment.
Mian Fawad Ahmed Mukhtar, Chairman of Fatima Group and CEO of Fatima Fertilizer Company Ltd. said at the occasion:
As a technology partner, CMEC will help adapt climate-smart precision farming techniques, improve high-yield seeds and other agricultural inputs in Pakistan. In addition, Sarh Technology is a key partner investing in the development of a modern agricultural value chain that includes sustainable grain production, processing, storage, marketing and export to help ensure regional food security.
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