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 the leader of a leading Pakistani conglomerate, I see how to bring modern precision agriculture to Pakistan. We as a country have tremendous potential and I firmly believe that with the right partners we can not only ensure food security for Pakistan, but … for the entire region. We are grateful to our Chinese and Saudi colleagues who trust us. “I hope this milestone will lead to more partnerships and investment opportunities going forward.

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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