"It's criminal that available land that can be properly irrigated and cultivated in a modern sense, where new techniques are tried and taught to local farmers, is not yet put into production," says Bob Geldof.
Richer countries that are investing in land abroad for food cultivation should also educate the poor about agricultural methods, so that food production can be increased to a level at which poor people can produce enough for investing countries as well as themselves, says Bob Geldof.
Sudan and UAE have agreed to concentrate investment in the field of agriculture, referring that the UAE Al-Thahra Company expressed desire to invest in Sudan as strategic partner in the food security projects.
The company is currently looking at concluding another deal in Africa as well as other opportunities on behalf of regional investors for large scale production of crops in areas such as Africa, Eastern Europe and the Balkans.
Local food companies are not financially capable of investing in farmlands abroad to grow basic staples that would insulate them from soaring prices of raw materials, they said on the sidelines of Gulfood 2011.