The Ethiopian government says concerns about foreign investors exporting food are outweighed by the plantations’ capacity to bring the country foreign exchange and technology, as well as creating employment.
Representatives from the Ministries of Agriculture, Commerce and Industry,
Finance, and Transportation will participate in a forum on November 14-15  in Addis Ababa to officially mark the beginning of a cooperative project under which Ethiopia made one million hectares of land available for Saudi private companies to develop.
BDFC has already been given 17,400ha of land in 2008 for the production of sugar cane, a year after it came to Ethiopia. It is also getting close to receiving an additional 13,000hct in the same area of the Tana-Beles Basin of Jawi Wereda, Hawi Zone of Amhara Regional State.
Farmland deals in Africa inked by private Egyptian firms, commonly called "land grabs," could help the import-dependent nation get access to grain when markets spike, Egypt's agriculture minister Amin Abaza said. "This is going to be a private initiative."