Logo of Al-Jouf Agricultural Development Co.
Al-Jouf Agricultural Development Co. signed today, March 11, a partnership deal with South Korea-based E Green Global (EGG) to produce high-quality potato seeds using advanced global technologies.
In a Tadawul filing, Al-Jouf Agricultural said it will set up a high-tech laboratory at its Busaita-based Al-Jouf Agricultural Development Complex to produce potato seeds.
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The company will also invest SAR 15 million in the Korean firm through convertible bonds.
Local production is expected to begin in Q2 2026, Al-Jouf Agricultural stated, adding that the related financial impact will be announced later.
On Jan. 22, 2024, Al-Jouf Agricultural signed a memorandum of understanding (MoU) with EGG to transfer the technology of potato seed production to Saudi Arabia, according to Argaam’s data.
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