Critics say that by seeking to solve their food shortage problem through foreign farmland acquisitions, the rich emerging economies may succeed in producing enough quantity for their populations but may in the long-term be exporting their food insecurity to other nations.
Land buying firms no longer disclose their identities to avoid tarnishing their image
THESE days, as we follow the struggle against the Taliban in the northwest, we can be forgiven for missing other important news. For instance, I had filed away a report on plans to lease large chunks of agricultural land in Punjab and Sindh to overseas investors in the back of my mind, planning to write about it later. When I ran a Google search on the subject, however, I realised the enormity of the scam.When I ran a Google search
Gulf nations now are quietly scouring the globe for rich farmland to rent or buy outright.
As the Gulf's agricultural production rates slow and food prices around the world continue to rise, GCC members are investing heavily in the fertile lands of Africa and Asia.
MAP services group’ is in the process of setting up a fund to develop model dairy and livestock farm in Pakistan. The fund will focus on private equity, SME funding and development as well as donor facilitation of project. The company plans to have 10 model farms in Pakistan by the end of 2010.
Pakistan’s agriculture sector has the potential to cater to the food requirements of the GCC region, which spends over $200 billion on farm imports.
MAP Services Group announced the setup of a Middle East Food Fund in partnership with various Gulf partners to act as a food production basket serving the region. The fund will invest in the agriculture sector in Pakistan, Egypt and Georgia for food and food-related products to be produced for the Gulf region.
The worldwide shortage of food grains coupled with high food prices is driving leading food companies and investors from the UAE to Pakistan in search of lucrative deals in the agriculture sector in of one of the world’s major food exporters.
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Down on the farm, Saudi Arabia has a $9.8bn hole to fill
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Iran to expand overseas farming to 2mln hectares by 2029
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Avon Pension Fund to invest a further £150m in natural capital
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Carbon Assets unveils $144m Jigawa wetland project
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