Egypt

South Korea's Daewoo Logistics will plant corn in Madagascar, a company official said on Tuesday, with a long-term aim to replace more than half the corn it currently imports from mostly the United States.

This analysis looks at how the oil-rich Muslim economies could leverage their existing relationships with agriculture based Muslim economies (which have a wide productivity gap with the worlds net agriculture exporters) taking them to globally competitive levels; reaping for themselves high investment returns, securing their own food sources, and contributing to alleviation of the food crisis from other Muslim countries.

La location de terres agricoles en Afrique de l’Est a été initiée par des fonds arabes du Golfe. Voilà que des hommes d’affaires égyptiens veulent produire du blé en Ouganda.

Some experts believe that the emphasis should be on overseas agricultural investments as well as a boost in trade relationships, due to the unavoidable handicaps to domestic agriculture.

Arabia is phasing out its domestic wheat growers and seeking to shift production overseas.

In the past week, the alleged claim by Egypt’s Agriculture minister Amin Abaza that Uganda offered his country over 2 million acres of fertile land to produce wheat to feed the Arab nation’s 81 million people has rattled Ugandans.

President Yoweri Museveni initiated talks with Egyptian officials over the possibility of growing wheat and corn for the north African state in Uganda but no firm offer of land was made, Egypt and State House sources have separately said.

The Uganda government had allocated to Egypt two million acres of land to grow wheat and corn this year, Egypt`s minister of Agriculture revealed. He asserted that the land was in a number of places. Two million acres is equivalent to 2.2% of Uganda`s total area.

The UAE and other Gulf oil producers are considering creating a giant fund to invest in farm in fertile Arab areas and other nations to slash a soaring import bill and ease reliance on foreign markets for their food.

Egypt has agreed to buy a million tonnes of wheat from Kazakhstan to meet local market needs, and Uganda has allocated farmland for the Arab country to grow wheat and corn, Egyptian state-owned media said on Saturday.

L'Etat cède 880000 hectares de terre arable pour 670 millions d'euros. Publiée mi-août par le Financial Times, l'annonce du gouvernement soudanais n'est plus vraiment une nouveauté. Comme d'autres avant lui, le pays est prêt à céder un territoire presque aussi grand que l'Ile-de-France à des investisseurs étrangers trop contents de s'exécuter.

“We are investing in land in Sudan, Pakistan and Egypt to secure food supplies without being at the mercy of market fluctuations,” Dr Rashid Ahmad Bin Fahd, Minister of Environment and Water, said at a conference in Dubai yesterday.