Al Dahra Agriculture, a private-sector partner of the UAE Government in securing key food staples, is targeting investments in coffee and sugar plantations in Brazil, Colombia and Chile, said the company's vice chairman.
Global rules for investment in agriculture need to be overhauled, Sultan Al Mansouri, the UAE Minister of Economy, said yesterday, as signs emerge of rising barriers to the flow of investment around the world.
Hesham Al Shirawi, Chairman of Economic Zones World, mooted the idea of establishing free zones for agri-business in Africa during the Africa Global Business Forum 2013. The establishment of corn farms is also a lucrative business proposition, he added.
Pressed on which countries in Africa would be suitable food sources, Hisham Abdullah Al Shirawi, the chairman of Economic Zones World, says the test would be countries where water was in abundance and which were not spoilt by strife.
"The UAE is looking not just at land [acquisitions] but developing the whole supply chain," says Nicholas Lodge, managing partner at Clarity, a consultancy that advises on investments in agricultural industries.
New Zealand Minister of Foreign Affairs says his country can be a logical partner for resource-rich Gulf countries as a producer of food in places like Africa, where experts say half of the potential agricultural land is under-utilised.
Sheikh Mohammed bin Zayed Al Nahyan will become a majority owner of eight Serbian agriculture corporations that own 9,000 hectares of land and will lease an additional 14,000 hectares of arable land in Serbia for EUR 250 per hectare per year.