Saudi investor to delay Sudan farm project over dollar curbs
- Reuters
- 20 May 2013
A Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits.
A Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits.
Agricultural investment firm GLB presented its Sudan alfafa production project, which produces feed for animals in Saudi Arabia and the UAE, to participants at the agriculture investment conference in Sudan.
Sudan investment minister Mustafa Osman Ismail revealed that Saudi Arabia requested over million acres (405,000 ha) of land for investment in food security
A consortium of Saudi groups - comprising dairy giant Almarai, grain importer Al Rajhi and Salic, the agriculture arm of the country's sovereign wealth fund - agreed to pay US $92mn to acquire Continental Farmers Group located in northern Poland and western Ukraine
Commerce and Industry Minister Tawfiq Al-Rabiah has approved the establishment of a new East Asia Agricultural Development and Investment Company to invest in farming.
Kenana, which is mainly owned by the governments of Kuwait, Saudi Arabia and Sudan, is aiming to more than double its annual sugar output to 1 million tonnes by 2015 as the firm seeks new export markets
A forum of Saudi agricultural investors at the Riyadh Chamber of Commerce and Industry will on Sunday discuss the progress of Custodian of the Two Holy Mosques King Abdullah’s Initiative for Saudi Agricultural Investment Abroad.
President Omar Al-Beshir has made orders for removal of all impediments and facilitation of the procedures for Saudi Arabian investors aiming to produce food in Sudan, including through land leases
Joint investment company will harness Sudan's resources in agriculture and livestock in line with the foreign economic policy of Custodian of the Two Holy Mosques King Abdullah.
A consortium of Saudi groups - comprising dairy giant Almarai, grain importer Al Rajhi and Salic, the agriculture arm of the country's Public Investment Fund sovereign wealth fund – buys Continental Farmers Group, which has large farming operations in Poland and the Ukraine.
Major asset managers, cowed by the cost, the risk and the controversy involved in investing in farmland, are joining forces to increase investment in the historically under-capitalised sector.
En trois ans, l’auto-proclamé « Président des pauvres » a établi un quasi-monopole du business : état des lieux des pillages du pays et présentation des hommes du président.