A Saudi based Investment Company, Zain Al-abdin group is ready to set up an Agric City in Kwara State.
The proposed Agric City, which is to be located along the River Niger in Kwara North, will comprise a cluster of farms with a focus on cultivation, processing and export of rice, maize and vegetables.
Chairman of the investment group, Zain Al-Abdin Nafawi revealed this when he and other members of the group paid a courtesy visit to the Kwara State Governor, Alhaji Abdulfatah Ahmed at the Government House, Ilorin.
According to the Chairman, the Agric City will also contain facilities such as schools, hospitals, shops and other associated services.
Nafawi noted that the multimillion dollar which will commence as soon as all paper work is completed has the backing of the Saudi Arabian government which is currently supporting Saudi investors to invest in agriculture across the world, especially Africa.
Responding, Governor Ahmed directed the officials of the State Ministry of Agriculture to meet with the investors to iron out modalities for the commencement of the project.
The governor welcomed the project and expressed delight at the intention of the Saudi businessmen to invest in Kwara State, which he said has a large population of young people who are hardworking and are available to work on the farms and also market the farm produce.
Governor Ahmed said the state has all the appropriate facilities including an airport as well as an incoming cargo terminal that has wet storage facilities.
He assured that the government would continue to initiate policies and create enabling environment to attract investors and support businesses in the State.