The Agricultural Development Fund, the Islamic Development Bank and the Arab Authority for Agricultural Investment & Development are holding talks to provide insurance on the agricultural projects being funded by King Abdullah's Initiative for Saudi Agricultural Investment Abroad
In an effort to help tackle food security, officials yesterday agreed to double the capital of the Arab Authority for Agriculture Investment and Development, a multilateral lender aimed at promoting investment in agriculture.
There’s a whole school of economic thought that says that Collier is wrong, that big is not necessarily better in agriculture — and that the land deals therefore might be unwise not because they’re wrong but because they’re unprofitable.
Gulf Arab states will pour $2 billion into a new agricultural fund in coming months to secure food supplies by buying stakes in existing agricultural firms, an executive involved in the fund's creation said on Sunday.
Since details emerged of Saudi Arabia’s plans to ensure supplies of wheat, rice, corn, soya beans and alfalfa through overseas agricultural investments, officials have insisted that they intended the programme to be private-sector led.
Essentially, the Middle East is left with two choices. “The region has to import. The question is, invest abroad or rely on the free market?” said Dr Eckart Woertz, program manager in economics at the Gulf Research Center in Dubai.
The Sudanese delegation to the Arab League is urging the pan-Arab organization to set up a food security fund worth at least $50 billion to ensure stable future food supplies, a Sudanese official said.