Under the National Food Security Program, Qatari companies would produce five basic food items -- white and red meat, rice, sugar and grains (including wheat) -- in countries like Sudan, India, Australia, Argentina, Turkey and Brazil, among others.
Qatar will make more investments overseas to produce key agricultural and horticultural commodities to ensure food supply security at home and will simultaneously focus on raising self-sufficiency in local produce.
Countries in north Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen.
Hassad Food knows how to shop. The $1b subsidiary of Qatar’s sovereign wealth fund finalised a $500m agreement last year to grow wheat & rice on 100,000 ha in Sudan and has announced plans to invest $700m worldwide this year.