								EXHIBIT 99.1
								------------

                           CADIZ INC.


FOR IMMEDIATE RELEASE:
----------------------
January 16, 2002

CONTACTS:
---------
For U.S.:
Cynthia A Coulter             Cadiz          T: +310 899 4727
ccoulter@cadizinc.com

Steve Lipin/Wendel Carson     Brunswick      T: +212 333 3810
cadiz@brunswickgroup.com

For Middle East:
Amjed Shacker            	KADCO     T: +966-1-488-1111, ext. 1151
                              	    Mobile: +966-5-544-2066



 CADIZ ANNOUNCES PROPOSED COMBINATION OF SUN WORLD WITH KINGDOM
            AGRICULTURAL DEVELOPMENT COMPANY (KADCO)

      COMBINATION WILL BROADEN GLOBAL AGRICULTURAL BUSINESS

Santa Monica, CA -- Cadiz Inc. (Nasdaq: CLCI), a water
development and agricultural resources concern, today announced
that it has reached an agreement in principle with Kingdom
Agricultural Development Company (KADCO), a private Egyptian
company controlled by HRH Prince Alwaleed Bin Talal Bin Abdul Aziz
Alsaud, to combine the businesses of Sun World International,
Inc. (Sun World), the wholly owned agricultural subsidiary of
Cadiz, and KADCO.

Following the proposed combination, KADCO's shareholders will
have a 49.75% interest in the combined business, while Cadiz will
retain an ownership interest of 50.25%. KADCO owns, and is
currently engaged in, the development of approximately 100,000
acres of land and associated water resources forming part of the
Tushka Project in Southern Egypt, and prior to the proposed
combination, expects to have cash resources of approximately $85
million. Sun World has extensive farming and packing operations
in southern and central California, and is engaged in the
development and marketing of proprietary varieties of fresh
produce internationally.

The proposed combination is expected to consolidate and
strengthen the existing Sun World-KADCO relationship, which was
first established in 1999 when Sun World was selected as
exclusive manager for the development of KADCO's Egyptian
agricultural project. The combined company will benefit from the
amalgamation of Sun World's proprietary product development and
licensing program and farming and water infrastructure
development expertise with KADCO's significant land and water
resource holdings in Egypt, and is expected to enhance the global
expansion of the Sun World brand.

The parties intend to utilize the cash resources of the combined
business both to recapitalize Sun World and to provide for future
business expansion. The agreement in principle signed by the
parties contemplates an opportunity for additional equity
investment in the combined business by the KADCO shareholders or
third parties, with Cadiz retaining the right to maintain its
percentage ownership through a pro rata matching investment. The
parties contemplate that additional investment will help
position the combined business for its eventual transformation
into a publicly traded company.

The management of Sun World will continue to manage the combined
business with Keith Brackpool, chairman and chief executive
officer of Cadiz, as chairman, and Timothy Shaheen as chief
executive officer. The board of the combined business will
consist of seven board members, four of whom will initially be
nominated by Cadiz and three of whom will initially be nominated
by the shareholders of KADCO.

"HRH Prince Alwaleed has provided the vision and the driving
force behind the Tushka Project which, when combined with Sun
World, we believe will be of great value to our stockholders,
employees and global consumers," said Mr. Brackpool, who founded
Cadiz in 1983. "We are extremely pleased to have an investor of
world-wide reputation recognize the value of our company and
invest in our ongoing working relationship. The transaction also
maximizes the value of Sun World to Cadiz stockholders and allows
for further growth opportunities."

"This merger with Sun World will bring together the technical and
proprietary capabilities of an established agricultural and water
development company with the potential of a vast and promising
agricultural region. The combination of Kingdom Agricultural
Development Company and Sun World will go a long way in
fulfilling our objective of creating an important export source
for a variety of agricultural products. Furthermore, this
transaction will bring about a sustained and positive improvement
in the South Valley region of Egypt, and will result in a
business that is well-positioned for further international
growth," commented Prince Alwaleed.

"This is an exciting opportunity for our company and our
employees to significantly expand our international reach with
development in Egypt and to accelerate our proprietary product
development strategy," said Tim Shaheen, chief executive officer
of Sun World. "The new Sun World will be a leader in the global
agricultural business in order to meet the increased demand for
fruit with optimum quality, consistency and flavor."

Lazard Freres & Co. LLC is acting investment banker to Cadiz in
connection with this transaction.

The proposed combination is subject to the negotiation and
execution of definitive agreements and a number of other
important conditions, including, among others, procurement of
governmental, third-party and lender approvals or consents, as
necessary, completion of confirmatory due diligence by both
parties and KADCO's completion of additional equity financing. It
is anticipated that the combination will be
consummated by April 30, 2002. However, there can be no assurance
that definitive agreements will be reached or that the
combination will be consummated.

Cadiz management will discuss the proposed combination today at
8:00 a.m. Pacific Standard Time/11 a.m. Eastern Standard Time.
To hear a live web cast of the conference call, please visit the
Company's web site at WWW.CADIZINC.COM and click on "Investor
Relations."  The call will be archived on the Company's web site
for one week.

ABOUT CADIZ

Founded in 1983, Cadiz is a publicly held water development and
agricultural resources company. With its subsidiary, Sun World
International, Inc., Cadiz is one of the largest vertically
integrated agricultural companies in California. The company owns
significant landholdings with substantial water resources
throughout California. Further information on the company can be
obtained by visiting its corporate web site at WWW.CADIZINC.COM.

ABOUT HRH PRINCE ALWALEED BIN TALAL BIN ABDULAZIZ ALSAUD

HRH Prince Alwaleed Bin Talal and trusts for his benefit hold
major business investments in Citigroup, Apple Computer Inc.,
Motorola, AOL Time Warner, Saks Inc., EuroDisney and Walt Disney
Company, the Teledesic satellite venture, Four Seasons Hotels
Inc., the George V Hotel in Paris, Fairmont Hotels, Movenpick
Hotels and Resorts, the Plaza Hotel in New York, the Canary Wharf
real estate development in London, News Corp., KirchMedia and
KirchPay TV, Mediaset, Arab Radio & Television and other
international businesses.

ABOUT SUN WORLD

Sun World develops, grows and markets an extensive collection of
fresh produce internationally and has extensive farming and
packing operations in southern and central California. Sun World
has developed a sophisticated research and development program to
create a portfolio of proprietary product with improved consumer
characteristics.

ABOUT KADCO

KADCO was formed by HRH Prince Alwaleed to develop up to 100,000
acres of agricultural land in southern Egypt, naming it the
Tushka Project. The Tushka Project is a cornerstone in the
Egyptian government's multi-billion dollar South Valley Project,
an immense infrastructure plan designed to irrigate more than
500,000 acres of desert land to foster urban and agricultural
development. The South Valley Project involves the construction
of a 43-mile  (70 km) canal that diverts water from Egypt's Lake
Nasser, the reservoir formed on the Nile River by the Aswan High
Dam, to four separate parcels of land -- the first being the
Tushka site.

This release contains forward-looking statements that are subject
to significant risks and uncertainties, including statements
related to the possible transaction involving Sun World
referenced herein. Forward-looking statements are not a guarantee
of future performance, and actual results of development may
differ materially from expectations. Although Cadiz believes that
the expectations reflected in its forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to be correct. Factors that could cause actual results or
events to differ materially from those reflected in Cadiz'
forward-looking statements include the negotiation of definitive
agreements regarding the proposed combination and satisfaction of
the conditions to closing of the combination described above, and
other factors and considerations detailed in Cadiz' Securities
and Exchange Commission filings.

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