Sudan is urging the UAE to begin developing the vast expanses of farmland it has acquired in the country, as the north loses the majority of its oil revenues following the independence of South Sudan.
Abu Dhabi acquired 30,000 ha of Sudanese farmland last June through the ADFD to grow alfalfa, a crop used to feed cattle.
Abu Dhabi finalises scheme to purchase 29,400 hectares of land in Sudan
Abu Dhabi is preparing to launch a large-scale agricultural project in Sudan to develop more than 70,000 acres of land as part of the oil-rich Gulf emirate's efforts to secure food supplies.
Rich food importers are acquiring vast tracts of poor countries' farmland. Is this beneficial foreign investment or neocolonialism?
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?
Egypt will receive a number of UAE delegations next month to discuss proposals involving agriculture, land reclamation and the food industry in southern Egypt, as well as infrastructure and renewable energy projects.
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.
The UAE and other Gulf oil producers are considering creating a giant fund to invest in farm in fertile Arab areas and other nations to slash a soaring import bill and ease reliance on foreign markets for their food.
The rulers in the Persian Gulf are looking at other ways of ensuring food security. Rather than rely on the vagaries of the market and unstable import sources, countries across the GCC, through sovereign wealth funds and development agencies, are seeking to buy up the means of production itself.
Al Qudra Holding, the Abu Dhabi-based investment company, plans to acquire roughly 400,000 hectares of land in the Middle East, East Africa and Far East by the end of the first quarter of next year in a major expansion of its agricultural operations.
The United Arab Emirates is seeking to invest in agricultural projects in Kazakhstan as part of its efforts to secure food supplies.
|
HAGL raises $51mln from private placement
|
|
Pakistan sweetens terms to lure Saudi investment
|
