Jordan will dispatch a delegation to Sudan next Thursday headed by its agriculture minister Saeed Al-Masri to discuss an agreement on developing food farms in the East African country, according to media reports.
A consortium of Saudi agricultural companies is looking to invest 150 million riyals ($40 million) into food production in Africa, the Agriculture Ministry said on Sunday.
A conference for fund managers tied to agriculture held annually in Sydney by Austock, an Australian broker, attracted a few dozen contrarian souls three years ago. This year’s event, which began on March 16th, had to be restricted to several hundred ticket-holders, with many others turned away.
The truth is that if exploitation of a developing country’s natural resources by the West is colonialism, so it is when rich countries of the South do the same.
Two listed Saudi companies plan to invest in either farming or agri-business abroad under a state-sponsored plan to ensure steady food supplies.
Agribusiness in the Middle East countries hold out investment opportunities worth $3bn for Nigeria yearly.
A group of five Saudi Arabia business men have planned to invest 1 billion Saudi riyals (some $ 266.6 million) in agricultural projects in Sudan and Ethiopia within the coming few years, Pan Arab daily Asharq Al Awsat reports.
A number of videos interviews broadcast by Al-Arabiya are available at Zawya.com, in Arabic
Saudi Arabia's Hail Agricultural Development Co (Hadco) said on Monday it would look at investing in Turkey and Kazakhstan after moving into Sudan under a government plan to ensure steady food imports.
With land prices falling, now is a good time for the UAE to acquire farmland in other countries, in order to strengthen food security, a senior official says.
Saudi private sector company Hail Agricultural Development Co (Hadco) has picked Sudan for its first investment in farming abroad under a Saudi government scheme to ensure steady food imports, it said.
A group of Saudi businessmen have planned to invest over SR1 billion [USD267m] in agricultural projects in Ethiopia and Sudan on a staggered schedule within next few years.
