A group of five Saudi Arabia business men have planned to invest 1 billion Saudi riyals (some $ 266.6 million) in agricultural projects in Sudan and Ethiopia within the coming few years, Pan Arab daily Asharq Al Awsat reports.
Saudi Arabia's Hail Agricultural Development Co (Hadco) said on Monday it would look at investing in Turkey and Kazakhstan after moving into Sudan under a government plan to ensure steady food imports.
Saudi private sector company Hail Agricultural Development Co (Hadco) has picked Sudan for its first investment in farming abroad under a Saudi government scheme to ensure steady food imports, it said.
With vast tracts of land being sold in Madagascar, and Sudan and other African governments actively seeking investors in agricultural land, are we witnessing a neo-colonial land grab or will the investment result in greater food productivity to the long-term benefit of recipient nations?
AOAD Director-General Salim Allowzi said the private sector in the Arab World needs to step up investment in farming projects to cut the massive import bill, ensure enough farm products for the region and bolster food security.
Un financier new-yorkais vient d'acquérir 400 000 hectares de terres au Soudan. En plus de constituer l'une des plus importantes transactions de ce type depuis la vente de l'Alaska au XIXe siècle, cette transaction fait partie d'une stratégie troublante: la firme Jarch Capital parie que le Soudan, et d'autres pays africains, sont sur le point de se morceler en plusieurs États.