For the Abu Dhabi sovereign wealth fund a minority stake in one of the largest grain traders could boost food security for the United Arab Emirates, amid concerns brought on by disruptions caused by the coronavirus pandemic.
Abu Dhabi Developmental Holding Company has acquired a 50% stake in Al Dahra Holding Company, which operates a landbank of 350,000 acres of irrigated land with direct access to various rivers such as the Danube, Colorado and Nile rivers.
Wafra International, an investment firm owned by the Kuwait state pension agency, is investing $10 million of the new funding in Pure Harvest Smart Farms, and committing $100 million in equity and project financing.
When Gulf nations face food, security, and water scarcity issues, one response is to seek lucrative agricultural investments in fertile African lands. Yet, while such deals can bring benefits to the countries involved, there are also sizeable risks
Bien que les responsables malgaches répètent que le Memorandum of Understanding signé avec la société Elite Agro ne concerne pas une vente de terres, en Serbie, la société Elite Agro LLC en compagnie d’autres sociétés Emiraties sont devenues les principales propriétaires de terres