Madagascar

Daewoo Logistics Corp., a South Korean natural-resource development company, expects a project to lease vast tracts of farmland in Madagascar to grow corn and palm oil may cost about $6 billion over the first 20 years. The investment will pay for the lease costs as well as building a port, roads, irrigation, and power plants, along with schools and hospitals for locals, Shin Dong Hyun, a manager leading the project, said today by phone.

La compagnie Daewoo logistics entend planter du maïs sur une surface totale de 1 million d'hectares.

Pirates are not the only source of concern off the African coast. The deal South Korea’s Daewoo Logistics is negotiating with the Madagascan government looks rapacious. Alas, it is but the latest brazen example of a wider phenomenon.

Daewoo Logistics of South Korea said it expected to pay nothing to farm maize and palm oil in an area of Madagascar half the size of Belgium, increasing concerns about the largest farmland investment of this kind.

A South Korean company hopes to turn an undeveloped stretch of Madagascar into a corn-production center, an official said Wednesday.

Agcapita allows investors to gain direct exposure to a key part of the agriculture commodity bull market story - Canadian farmland.

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.

Daewoo Logistics of South Korea has secured farmland in Madagascar to grow food crops for Seoul, in a deal that diplomats and consultants said was the largest of its kind.

Les Coréens du Sud négocient. Une première délégation d’investisseurs est venue au mois de Mai. Elle aboutit à l’issue de son séjour à un mémorandum. Elle est revenue au mois de juillet, avec plus d’empressement et de détermination. Résultat, la préparation de la signature d’un contrat très important avec le gouvernement malgache.

Le Président de la République, Marc Ravalomanana, a reçu en audience ce jeudi 30 octobre 2008 en fin d’après-midi, au Palais d’Iavoloha, une délégation d’opérateurs économiques sud-coréens, conduite par le Président de la Compagnie Daewoo Madagascar

Nowadays, the concern of the Malagasy governement is focused on how to attract foreign private investments. The new Malagasy investment law, Act 2007-036 of January 14th, 2008, has brought a very key change concerning the possibility for foreigners to own their land in Madagascar

An agreement for the allocation of 5,000 hectares of land in the Beira region was signed by Mauritius and Mozambique early this year.