Multinationals, foreign entrepreneurs and investment funds eying Romania as a place to develop have either bought up land as a place to develop agriculture, lease or land bank.
Several national companies and even the Abu Dhabi Investment Authority, the capital's sovereign fund, are planning investments in agriculture in countries as diverse as Vietnam, Cambodia, Pakistan, Australia, Romania and the United States.
More than 20 years after the fall of the Berlin Wall, a gulf still exists between farm prices in eastern and western Germany which provides a "good opportunity" for investors, a boss at KTG Agrar has said.
"As more investors look into the opportunities that developed nations present there will be no need to go underground or be ashamed of these deals," said Hakan Agro's Tomar.
But company says it does not want to tarnish Saudi Arabia's image by buying farmlands abroad
Ingleby Agricultura, controlled by the Rausing family, paid EUR 8.2mn for purchasing 2,000ha of arable land in Western Romania from Danish company FirstFarms
The fund is in the process of leasing 50,000 hectares of land in Tanzania which will be complete by the end of this year and will mainly be for rice production.
A private sector fund worth $350 million plans to launch by the end of the year in the Gulf, with the aim of acquiring farmland in Romania, Moldova and Tanzania
What started as a government drive to secure cheap food resource has now become a viable business model and many Gulf companies are venturing into agricultural investments to diversify their portfolios.
After having invested over 300 million euros for the acquisition of agricultural land alone, and another dozens of millions were invested in food industry, now Danish investors see a new opportunity on Romania’s market, namely the development of renewable energy parks
Japan is considering providing loans from a government-owned bank for companies to purchase and lease farmland abroad, Munemitsu Hirano, counsellor at the international affairs department of the Ministry of Agriculture, Forestry and Fisheries, said.
Des États à la recherche d'autonomie alimentaire et des grands groupes louent des millions d'hectares à l'étranger. Christian Bouquet, spécialiste en géopolitique, explique le phénomène.
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UAE plans to invest USD 30mln for rice production in Angola
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Saudis put Western Australia’s largest grain operation up for sale
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