Saudi investors leave Ethiopia

A Saudi agricultural investor has warned about the failure of Saudi agricultural investments in Ethiopia and the liquidation of businesses due to the conditions set by the [Saudi] Agricultural Development Fund (ADF) to support and lend to investors in Ethiopia. This is not to mention the negative impact of such conditions on the process of correcting the situation of foreign workers in Saudi Arabia, including many Ethiopians. He revealed that some Saudi investors in Ethiopia have begun to sell their investments due to the impossible conditions set by the ADF for loans, in addition to the lack of facilities to export their produce to Saudi Arabia.
http://www.farmlandgrab.org/post/view/22913#sthash.hbyc0kUC.dpuf

An Ethiopian worker argues with a member of the Saudi security forces as he waits with his countrymen to be repatriated in Manfouha, southern Riyadh, Nov. 11, 2013. (Photo: REUTERS/Faisal Al Nasser)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s