Mohammed International Development Research and Organization Companies (MIDROC) Investment Group of the Ethio-Saudi tycoon Sheikh Mohammed Hussein Ali Al-Amoudi inked a partnership agreement with the Saudi-based Alkhorayef Industries Company to boost Ethiopian agriculture sector with center pivot irrigation technology. The partnership will enable Alkhorayef Industries to supply irrigation technologies worth 1.2 billion Ethiopian Birr (close to $32.5 million). He indicated that the company will use the center pivot irrigation technology for its 13,000 hectares of land farm. One center pivot irrigation technology can enable to water up to 80 hectares of land. In addition to fruits and vegetables, MIDROC agriculture wing in Ethiopia has also been engaged in coffee, tea, cut flower, oil seeds, cotton honey and spices farms.

Source: News Business Ethiopia October 16, 2020 14:48 UTC