Investing abroad to secure food at home
- Gulf News
- 09 Mar 2011
Gulf states are following in the footsteps of China and looking beyond their shores to make heavy investments in agriculture
Gulf states are following in the footsteps of China and looking beyond their shores to make heavy investments in agriculture
Emirates Investments Group is looking to buy food and agricultural assets in Australia and New Zealand as global demand climbs, CEO Raza Jafar said.
The UAE has embarked on an overseas investment spree to ensure domestic food security in a country with miniscule arable area -- a spree that will only grow
An ambitious project pooling New Zealand's farming expertise has received a fillip from Emirates Investment Group. Through EIG, there are two large Pakistan projects on the cards, one involving a 35,000ha farm.
Why produce a low-value crop such as wheat using expensive water when the FAO says the global wheat harvest will this year be second only to last year’s record?
If all these land deals will be beneficial to Pakistan in the long run, why is the government refusing to divulge the details of what is the citizens’ common property?
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.
Pakistan's Ministry of Investment has decided to offer more than 7 million acres of farmland for long-term investment to the Emirates Investment Group and others. China and Saudi Arabia are also interested.
A number of Gulf states have expressed interest in livestock and rice farming in Thailand to secure food supplies, a Thai official said on Monday. "The countries involved could be Saudi Arabia, Bahrain, Qatar or the UAE," he added.
Pakistan dramatically increased the amount of farmland open to foreign investors to six million acres, but will require outsiders to share half of their crop with local growers, Pakistan’s investment minister told Reuters.
Investors from the UAE are considering a number of investments in Pakistan, despite escalating violence in the north-west of the country.
Pakistan's Ministry of Investment has decided to offer one million acres of farmland for long-term investment or sale to foreigners, including the Emirates Investment Group.
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