Pakistan’s Fatima Group signs deals worth $1b deals with Saudi, Chinese firms

Fatima Group, one of the largest industrial conglomerates in Pakistan, has signed two memorandums of understanding (MoUs) worth over $ billion with two key global agriculture stakeholders China Machinery Engineering Company (CMEC) from China, and Sarh Attaqnia Co. (SAC) from Saudi Arabia.

A formal signing of the business partnership was held at the Pakistan Pavilion, in line with the ongoing Agriculture Week, at Expo 2020 Dubai.

Fatima Group, one of Pakistan’s fastest growing industrial conglomerates with more than $1 billion in revenues, has interests in fertilisers, energy, textiles, sugar, cement, and venture capital investments.

CMEC, as a technology partner, will help with the adaption of climate-smart precision agriculture farm machinery, improved high-yielding seeds, and other crop inputs in Pakistan.