UAE, Saudi eye more farmland leasing overseas
- Reuters
- 24 November 2010
The UAE and Saudi Arabia will continue to invest in acquiring farmland abroad as part of their strategy to secure food supplies.
The UAE and Saudi Arabia will continue to invest in acquiring farmland abroad as part of their strategy to secure food supplies.
The Abu Dhabi Development Fund eyes the opportunity to invest in Bulgarian agriculture.
Sudanese officials say the “Zayed Project” is among the largest farm ventures launched by the UAE in Sudan, with investment of $60 million.
Abu Dhabi Sources will be going up against well established trading houses, including Glencore, Cargill and Louis Dreyfus.
UAE pursuing agriculture investments abroad to "guarantee the continuous availability of products with competitive prices."
The UAE controls more than 2,800 square kilometers [280,000 ha] in farms in Sudan -- more than triple the area of Bahrain -- as a result of its decision to invest in agricultural projects in fertile Arab nations to slash its soaring food import bill
UAE investors are pumping huge funds into the agricultural sector given the availability of vast arable lands and water and production inputs along with a large market which can serve as a gateway to European and African markets.
Emirates Investments Group is looking to buy food and agricultural assets in Australia and New Zealand as global demand climbs, CEO Raza Jafar said.
Abu Dhabi finalises scheme to purchase 29,400 hectares of land in Sudan
Abu Dhabi’s Al Dahra Agricultural Company is halfway through a plan involving more than 60,700 hectares of farmland in Europe, the US, south Asia and north Africa to boost the UAE’s food security.
Sudan is seeking to attract at least $1bn of capital for its agricultural sector from Arab and Asian investment groups, which are turning to Africa in search of new food supplies as their governments try to manage the impact of commodity price inflation.
UAE-based investment company Al Barakah has shown interest in developing agriculture and farming projects in Bulgaria.