Pakistan’s Fatima Group Inks $1 Billion Deals With Chinese and Saudi Agri Giants

Fatima Group, one of the fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over $1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from the Kingdom of Saudi Arabia. A formal signing of the business partnership was held at the Pakistan Pavilion in line with the ongoing Agriculture Week at Expo 2020 Dubai. Fatima Group is leading the initiative of transforming Pakistan’s agriculture to serve as the world’s food basket. They have been known as Pakistan’s fastest-growing industrial conglomerate with more than $1 billion in revenue in industries like fertilizers, energy, textiles, sugar, cement, and venture capital investments. Chairman of Fatima Group and CEO of Fatima Fertilizer Company Limited, Mian Fawad Ahmed Mukhtar, said, China’s CMEC as a technology partner will help with the adaption of climate-smart precision agriculture farm machinery, improved high-yielding seeds, and other crop inputs in Pakistan. Likewise, Saudi Arabia’s Sarh Attaqnia Company is a key partner that will invest in developing a state-of-the-art agriculture value chain encompassing sustainable production, processing, warehousing, and export marketing of grain crops to help ensure regional food security. Pakistan has over 20 percent of its GDP linked with agriculture and about 64 percent of the human resource associated with it. This collaboration will potentially unlock a tremendous amount of untapped land resources of Pakistan by bringing fallow lands under cultivation for sustainable production of crops like rice, barley, oats, silage bales for livestock, and dairy industry under the Corporate Agriculture Farming initiative. Fatima Group, along with the Trade Development Authority of Pakistan, is at the Pakistan Pavilion in Expo 2020 Dubai over the next four days, holding a range of events showcasing its commitment to help ensure regional food security, agricultural innovation, and women empowerment in the agriculture sector of Pakistan.