Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF) signed a cooperation agreement with world’s leading fertilizer producers PhosAgro (Russia) and Ma’aden (Saudi Arabia) for the use of environmentally friendly phosphate-based fertilizers.
Details are provided below:
- The companies as per agreement work together to educate farmers about advanced fertilization techniques that maximise the impact of fertilizers and considerably increase the yield and quality of crops.
- PhosAgro of Russia and Ma’aden of Saudi Arabia are key players in the global fertilizer sector and in supporting global food security.
- PhosAgro CEO Andrey Guryev said: “When it comes to sustainable development, PhosAgro and Ma’aden share a common goal: to guarantee the world’s population access to safe, high-quality food. In the long run, this objective can only be achieved through the widespread use of highly efficient fertilizers that do not contain toxic impurities that are harmful to humans and to soil fertility.