Major factor for enacting new investment law for land was Saudi Arabia's halting of investment projects worth billions of riyals, says Indonesia's Minister of Agriculture.
Le gouvernement de l’Etat de Katsina affectera 1.?000 hectares de terres à Foras International pour la production agricole.
Under an MoU the state will provide Foras International with 1,000 hectares of land for crop production.
Indonesia's Minister of Agriculture says the Embassy in Riyadh will organize a meeting and formulate regulations on the investment, as a follow-up of his visit to Saudi Arabia
TADCO subsidiary has already arranged leases in Cambodia, Vietnam, Pakistan and the Philippines for export production of aromatic and long grain basmati rice.
Philippines Ambassador to Saudi Arabia reveals how plans have been forged to provide lands in Mindanao to Saudi businessmen.
Indonesia aims to attract Gulf Arab investors to develop "sleeping land" says Agriculture Minister during meetings with businessmen in Riyadh.
Abu Dhabi is preparing to launch a large-scale agricultural project in Sudan to develop more than 70,000 acres of land as part of the oil-rich Gulf emirate's efforts to secure food supplies.
"Agricultural lands being leased by Saudis have been increasing by the day in Ethiopia," Ethiopian Consul General Tekleab Kebede says.
NCB Capital estimates that Saudi Arabia and the United Arab Emirates, the main buyers of African land, have acquired some 6 million acres worldwide, largely in Sudan, Pakistan and Indonesia. Other estimates are much higher.
Argentina will welcome investment from Saudi Arabia in its agricultural sector so the Kingdom can guarantee its own food security, the Argentine Embassy has said.
« Certains de nos agriculteurs du secteur privé ont commencé à investir dans des pays comme l’Egypte et le Soudan. Nous espérons en faire de même en Algérie » dit le ministre de l’agriculture saoudien.
