Leen Alkhair signs MoU with Chinese Haigrin Company, Arab Chinese Investment Fund to enhance cooperation in food security

Layn Alkhair Trading Company announced the signing of a memorandum of understanding with Haigrin Chinese Company and the Arab Chinese Investment Fund.

The objective of this agreement is to enhance cooperation in the fields of food security, agricultural development, and the export of seafood, poultry, dairy products, dates, vegetables, and local fruits to China through showcasing Saudi products within a specialised logistics centre in Shenzhen, China. It also includes the introduction of the latest agricultural technologies to the local market in compliance with applicable regulations and laws.

The company stated on Monday on Tadawul that the Memorandum duration is one year, noting that the financial impact will begin in the first quarter of 2024.

This memorandum aligns with the Kingdom’s aspirations to achieve the targets of Vision 2030, particularly in achieving food security. The company aims to contribute to development, hence the signing of this memorandum.