Riyadh: The Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Public Investment Fund (PIF), and Syngenta Crop Protection AG (Syngenta), a global leader in agri-tech, have signed a letter of intent (LOI) to collaborate on strengthening the agri-food sector both in Saudi Arabia and globally.
According to Saudi Press Agency, the LOI aims to improve global food security through strategic partnerships, technology, and responsible practices. The agreement includes plans to explore joint projects in sustainable farming, digital agriculture, soil health, crop protection solutions, and other related areas.
The release further outlines potential project areas, such as climate-smart farming practices, sustainable soil management, crop and seed solutions, capacity building, technical training, best practice-sharing initiatives, and knowledge transfer. These projects may also focus on water conservation, soil regeneration methods, and the development of digital farm management platforms.
SALIC CEO Sulaiman Al-Rumaih commented that the collaboration demonstrates SALIC’s commitment to innovation, sustainability, and global partnerships. He emphasized the importance of integrating technology, knowledge, and responsible practices to empower farmers, enhance resource efficiency, and build resilient food systems that will reinforce the Kingdom’s food security.