Land rental deal collapses after backlash against 'colonialism'
- Telegraph
- 14 January 2010
“We are in big trouble with the government of Madagascar,” said Shin Dong-hyun, the general manager of planning and finance at Daewoo Logistics Corporation.
“We are in big trouble with the government of Madagascar,” said Shin Dong-hyun, the general manager of planning and finance at Daewoo Logistics Corporation.
Voicing aversion to corporate agriculture farming, speakers at a seminar on Wednesday underlined the need for taking effective steps to counter its adverse effects in Pakistan.
Minister of Economy Sultan bin Saeed Al Mansouri said in remarks late on Tuesday that the UAE's food security strategy, which includes overseas agricultural investments, would be put before the federal cabinet for consideration.
The UAE is looking to Azerbaijan to increase its food security as the two countries signed an agreement that helps pave the way for co-operation in both farming and industry.
Federated Farmers is urging farmers to conduct due diligence after reports that a Maori trust, with reputed backing from Dubai World, has been contracted to buy 28 farms in Southland
The Maori trust has contracted to buy nearly 30,000ha of dairy, sheep, beef and deer farms throughout Southland, but some sellers have raised queries ranging from delays confirming the sales contracts to deposits not being paid as expected.
New Zealand needs to tighten its rules around overseas investment as China and the Gulf States go on a world-wide shopping spree for prime land, said Green Party Co-Leader Dr Russel Norman.
"I think it is not right to sell or give your land to foreigners... until you have exhausted every local possibility," said Osama Daoud, chief executive of the Sudanese DAL group which runs large agricultural projects.
Inversores árabes y asiáticos buscan tomar el control de amplias extensiones de tierras fértiles en Sudán, el país más grande de África, que quiere convertirse en el granero de Oriente Medio, aunque para ello deberá modernizar primero su agricultura.
"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
At a two-day conference near the Moroccan capital Rabat, local officials sought to convince Gulf investors that heavy bureaucracy and complex land ownership rules, long seen as decisive obstacles, are a thing of the past.
Foreign companies are covertly buying up adjacent farms in Australia to use as a "salad bowl" in the case of global food shortages.
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