Bahrain firm inks $50m Philippines farm deal

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Manama | 19 January 2012
Dr. Amable R. Aguiluz V has served as Special Envoy to the Gulf Cooperation Council since 2003. His family-held company, AMA Group Holdings, established a joint venture with Bahrain's Hassan Group in 2010, called RP Harvest, to cultivate bananas, rice and other crops on 10,000 ha of land in Mindanao, the Philippines. Above: Bahrain's Prince Khalifa bin Salman Al Khalifa receives Ambassador Aguiluz V during the latter’s visit to the Kingdom of Bahrain on 7-10 February 2010.
 
Bahrain’s Nadir and Ibrahim Sons of Hassan Group has signed a $50 million agriculture investment deal with AMA Group Holdings, Philippines.

The deal is part of a total project worth $250 million which was launched two years ago and aims to ensure food security and promote the agribusiness sector.

The Philippines has provided the group with public land to grow crops including sugar, rice and bananas among other fruits over a five-year-period, Group executive director Ibrahim Al Ameer told our sister paper Akhbar Al Khaleej.

Setting up agricultural projects in the Philippines follows instructions from His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa to meet Bahrain's food requirements and encourage the private sector to enter into joint ventures to this effect,' Ameer said.
Original source: Manama
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