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  • 23-01-23

    Saudi Arabia inks USD1B agreement with Indian company to manufacture particular agricultural chemicals

    (MENAFN) Saudi Arabia’s Ministry of Investment has inked a deal valued at USD1 billion to produce particular agriculture chemicals inside the nation.

    The deal was inked on the offshoots of the lately decided World Economic Forum in Davos, Switzerland.

    The ministry inked the deal with an Indian firm, UPL Limited, which markets as well as agrochemicals producers in addition to offers crop protection solutions.

    The fresh deal comes along with the targets underlined in Vision 2030, which seeks expanding the Nation’s financial streams.

    Headquartered in Mumbai, UPL, which obtained Arysta LifeScience Inc. 4 years ago, is presently the fifth-biggest generic agrochemicals firm in the globe following Bayer, Dupont, Syngenta as well as BASF.

    In December, Sustainalytics, a firm that rates the sustainability of registered firms according to their environmental, social as well as corporate governance performance, placed the top-performing advanced worldwide crop protection firm in its last year ESG rating.

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