Hassad Food Company is keen to secure food supplies for Qatar at reasonable prices through local and international investments in various countries, according to an article in the Qatar Chamber of Commerce and Industry memorial book ‘40 Years of Excellence and Achievement.’
Katar Ticaret ve Sanayi Odası’nın “Mükemmeliyet ve Başarının 40 Yılı” adlı hatıra kitabında yayımlanan bir makalede Hassad Gıda Şirketi yerel ve uluslararası yatırımlarla Katar’a makul fiyatlarla gıda sağlamakta hevesli olduğu belirtiliyor.
Farmers have urged the state government to establish a register that would list Victorian farms that have been bought by foreign owners. The call comes as concerns grow over the level of foreign ownership of Australian farms and over the control of productive food resources.
Hassad plans to spend $US350 million ($318 million) in Australia to secure food supplies for Qatar, which imports 95 per cent of its food.
Australians do realise the value of what is being sold, a land agent and rural property specialist said, "but their hands are tied because they can't raise the money".
Under the National Food Security Program, Qatari companies would produce five basic food items -- white and red meat, rice, sugar and grains (including wheat) -- in countries like Sudan, India, Australia, Argentina, Turkey and Brazil, among others.
Local stock and station agents in Western District Australia estimate the Qatar government paid a premium of up to 20 per cent in order to secure the controversial deal,
The Middle Eastern company Hassad Foods, through Australian representatives, has been pinpointed as set to spend $45 million on five large western Victorian propertie
Government-backed companies, as Hassad Food, have begun buying up farmland around the world, with Australia’s vast tracts of top quality primary production land a prime target.
Qatar will make more investments overseas to produce key agricultural and horticultural commodities to ensure food supply security at home and will simultaneously focus on raising self-sufficiency in local produce.
Chinese and other eastern investors are looking to buy agriculture land and agribusiness across the globe, and Ukraine is increasingly on their radar.
Report says that GCC investment in farmland in Africa and Latin America will continue to grow.
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