Hassad Food has launched a large project for producing livestock in Australia with a capacity of up to 70,000 Syrian head of sheep in its first year, and then up to 150,000 head of sheep in three years. The company will also purchase farmlands for the production of grains especially wheat.
Dubai World said on Friday the company was not involved in the dairy farm purchases "in any way".
US embassy in Kuwait reports on discussions with Kuwaiti officials on acquiring farmland overseas for food security or profit
Qatar has embarked on a food-security programme to make it more self-sufficient and help the communities around its farmland projects in developing countries.
"Al Shariqi said that while the government does not have foreign agricultural investments, some UAE sheikhs personally own land in Pakistan, Egypt, Australia and New Zealand," reports the US mission in Abu Dhabi
Foreign companies are covertly buying up adjacent farms in Australia to use as a "salad bowl" in the case of global food shortages.
Peter Hannen is selling his sheep country in western NSW, Australia after his ambitious plan to raise $300 million for an agricultural fund with Dexian Capital couldn't find support.
UAE foreign investment in food production have so far focused on leasing Pakistan and Sudan’s agricultural land, with new prospects in Cambodian rice, Canadian wheat and Australian beef. Alongside the strategic deals at the national level, private investment has followed which should open new channels of trade, for example, Al Qudra Holding has plans to grow grain and vegetables in Vietnam and Croatia as well as Pakistan.
Egyptian private equity firm Citadel Capital is investing in 210,000 ha of farmland in Sudan, where it got the right to the land for 99 years.
Key areas of investment interest from pension and sovereign wealth funds in UK, Middle East, Europe and the US include agriculture land in Australia, South and North America, and throughout Europe.
The Australian almond plantations of agribusiness group Timbercorp have been sold to Singapore-based multinational food giant Olam International for $128 million.
Ray White Rural chairman Paul White said there was interest in Australian rural property from Chinese, Malaysian and Indonesian investment groups, looking to secure their food supply for the future.
