Australian firms eye investment in food processing sector
- Pakistan Observer
- 13 Mar 2011
Australian companies are interested in making investment in Pakistan’s agriculture sector from production of crops to their processing and export.
Australian companies are interested in making investment in Pakistan’s agriculture sector from production of crops to their processing and export.
Pakistan Foreign Minister says there is a win-win situation in combining Pakistan's richness in agriculture with the GCC's richness in energy resources.
Land deals, whether as direct purchases or long-term leases, are being brokered in poor countries by advanced capitalist countries and their TNCs
Several national companies and even the Abu Dhabi Investment Authority, the capital's sovereign fund, are planning investments in agriculture in countries as diverse as Vietnam, Cambodia, Pakistan, Australia, Romania and the United States.
Islamabad government is negotiating with Khartoum a way to provide land and family visas to Pakistani farmers to enable them to farm in Sudan.
Urges transparency and regulation to protect rights, prevent further food insecurity.
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.
State-backed food producing and marketing giant, Hassad Food Company, has plans to produce rice in India, Pakistan, the Philippines and Vietnam.
TADCO subsidiary has already arranged leases in Cambodia, Vietnam, Pakistan and the Philippines for export production of aromatic and long grain basmati rice.
Hassad Food Company intends to invest $500mn to $700mn this year for projects across the world as part of its mission to ensure food security for Qatar, chairman and managing director Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri has said.
Between 2007 and mid-2008, Gulf states and their government-backed businesses spent US$15 billion (Dh55bn) in sub-Saharan Africa alone, much of it in the drive for food security
The UAE has embarked on an overseas investment spree to ensure domestic food security in a country with miniscule arable area -- a spree that will only grow
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