Ten Saudi Arabian agricultural companies want to make the Philippines their food production hub and distribution center in the Far East. This was the informatio disclosed by Department of Agriculture (DA) Secretary Arthur Yap
Yap said the 10 companies formed the Far East Agricultural Co. (FEAC) as their investment platform for agri-business projects in the Philippines after a visit to the Philippines in May.
According to Yap, FEAC representatives will visit the Philippines in November to firm up the trading and production of agricultural commodities with prospective trading and venture partners. (PIA-MMIO)