Saudi Arabia, UAE to invest in Indian agriculture: Suresh Prabhu
- Indian Express
- 14 Jan 2019
India's Union Minister for Commerce & Industry says Saudi Arabia and UAE will be using India as a base for their food security.
India's Union Minister for Commerce & Industry says Saudi Arabia and UAE will be using India as a base for their food security.
Representatives of Phoenix Agro Industry and Trade Company CA expressed their intention to invite the world's leading agronomists to Uzbekistan to study the land plots allocated for investment.
Investors from the Middle East have been tempted by African agribusiness for years, and a report on Monday by real estate consultancy Knight Frank suggests demand is growing.
MOUs signed by UAE government include a 2,500 ha SEZ zone with Uganda for large-scale agricultural development and another with Al Dahra Holding for collaboration on the implementation of the National Strategy for Future Food Security.
Serbian farmlands that were recently cultivated, used and improved by 80 farming families are now being leased to UAE-based companies.
The 2,500 hectare free zone will allow private companies from the UAE to invest in agricultural production and development in Uganda.
Sokotra Capital, a Dubai firm set up by former UBS Group AG banker Albert Momdjian, led a consortium of investors in acquiring fish-farm L’Aquaculture Tunisienne for an undisclosed amount.
Abraaj Capital, the PE firm that was very active in the rush to buy global farmland after the food financial crises of 2008, has collapsed and is under investigation for “mismanagement, comingling of funds and misappropriation of assets"
Un protocole d'entente signé avec Mountain Blue Orchards (Australie) et Driscoll's créé une nouvelle opportunité pour Elite Agro de cultiver des baies toute l'année en Serbie et en Mauritanie pour les marchés du CCG (Bahrain, Kuwait, Oman, Qatar, Arabie Saoudite, Emirats Arabes Unis).
Investment Fund Al Dahra Holding took over Agricola Braila, the largest agricultural producer in Romania, in a deal estimated at over EUR 230 million euros and involving some 57,000 ha.
“I’ve got strong interest from Canada, the United Kingdom and Dubai and they want to come out now and have a look around," says the owner of the largest semi-contiguous cropping aggregation to be offered in Australia’s history.
Once one of Florida's iconic ranching dynasties has sold the balance of its Osceola County land holdings to a global agribusiness firm Optimum Agriculture and the government of Dubai for $136.5 million.