Sime Darby deal to create 20,000 jobs -Liberia
- Reuters
- 05 May 2009
Liberia's $800 million palm and rubber deal with Malaysian firm Sime Darby will create 20,000 much needed jobs in the West African country
Liberia's $800 million palm and rubber deal with Malaysian firm Sime Darby will create 20,000 much needed jobs in the West African country
Malaysia's biggest company Sime Darby has struck a deal with the Liberian government to develop oil palm and rubber estates in West African nation as land runs out at home and global demand for palm oil surges.
Agricultural investment in Sudan by Arab countries looking to guarantee supplies of staples such as wheat for their people will account for up to 50 percent of all investment in the country from 2010
The Saudi government announced that it would co-ordinate with local private-sector companies and invest in strategic agricultural interests in key producer countries such as Brazil, Ukraine, Thailand and India, guaranteeing for itself supplies of cereals, meat and vegetables. It is already in advanced negotiations with Thai investors and a deal on rice farms in Thailand is likely before the end of the year.