Gulf eyes oil-for-food pacts
    Recent attempts by Persian Gulf countries to invest in farmlands abroad to counter soaring inflation and guarantee long-term food security could prove to be a win-win situation in the short term for both the oil-rich region and its investment-hungry neighbors, but continued high oil prices may neutralize the gains in the long-run, say experts.
    • Inter Press Service
    • 20 Jun 2008
    Middle East economy: Food outsourcing
    The Saudi government announced that it would co-ordinate with local private-sector companies and invest in strategic agricultural interests in key producer countries such as Brazil, Ukraine, Thailand and India, guaranteeing for itself supplies of cereals, meat and vegetables. It is already in advanced negotiations with Thai investors and a deal on rice farms in Thailand is likely before the end of the year.
    • Economist Intelligence Unit
    • 18 Jun 2008
    Terres de Sodea-Sogeta?: la phase de présélection est achevée
    La société de développement agricole du Maroc (Sodea) et la Société de gestion des terres agricoles (Sogeta) viennent d’achever la deuxième phase de présélection des candidats pour l’exploitation sous forme de partenariat public-privé de 38?731 ha de terres agricoles, dont 5?800 ha sont déjà plantés.
    • FLD Hebdo
    • 17 Jun 2008
    Sodea - Sogeta. Rush des soumissionnaires
    Même le groupe émirati Al Qudra (plutôt spécialisé dans l’immobilier) a soumissionné pour une exploitation dans la région d’El Hajeb.
    • TelQuel Magazine
    • 13 Jun 2008
    Countries Are Renting Farmland Abroad
    As food crisis worsens, some nations are desperate for arable land
    • US News and World Report
    • 12 Jun 2008
    UAE may invest US$500m in Pakistan farms
    The Government is considering the purchase of farmland worth US$500 million (Dh1.8 billion) in Pakistan as part of a strategy to lower food import costs.
    • The National
    • 08 Jun 2008
    High food prices make oil sheikhs turn to farming
    To break the runaway inflation that is fuelled by high food costs, Gulf rulers have a new strategy: they are buying unused agricultural land in poor countries like Pakistan, Thailand and Sudan, and becoming large-scale farmers.
    • Economic Times
    • 02 Jun 2008
    Food crisis may divide Middle East's oil haves, have-nots
    “Buying farms is not a bad thing,” Panos Konandreas, acting director of the UN Food and Agriculture Organization in Geneva, said in a telephone interview. “If you are like Saudi Arabia and have all the resources in the world, you can help farms optimize their strategies and there will be more production.”
    • Bloomberg
    • 17 May 2008
    Pakistani farm talks are murky
    Talks aimed at acquiring large agricultural plots of land in Pakistan were not expected to yield results any time soon, a senior Pakistani government official has said.
    • The National
    • 13 May 2008
    UAE needs to invest in Egypt farm sector
    UAE wants to boost investment in Egypt’s agricultural sector in the light of the current rise in prices of commodities worldwide.
    • Emirates Business 24/7
    • 13 May 2008
    UAE investors buy Pakistan farmland
    Dubai-based Abraaj Capital, one of the Middle East’s largest private equity companies, has been quietly buying farmland in Pakistan as part of plans by the United Arab Emirates to increase food security and to damp inflation.
    • Financial Times
    • 11 May 2008
    UAE may buy Pakistan farms
    Inflation and the spectre of long-term food shortages have prompted the UAE Government to consider a new strategic investment – the purchase of large-scale farms in Pakistan and other countries.
    • The National
    • 06 May 2008

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