CAIRO, EGYPT — The Saudi Agricultural and Livestock Investment Co. (SALIC) is looking at acquiring several projects in the Black Sea region, including a grain terminal, the managing director told Reuters.

Khaled al-Aboodi said it was too early to name specific projects or locations.

Recently, SALIC and RDIF, a Russian sovereign wealth fund, said they were partnering to find investment projects in the Russian agricultural sector, the news agency said.

SALIC would bring in wheat through the state grain buyer Saudi Grains Organization (SAGO), if investments in Russian wheat producers or cropland occurred.

Outside of the Black Sea region, SALIC is also interested in Iraq and Sudan, but the lack of basic infrastructure is a hurdle, Aboodi told Reuters.