Gulf agribusiness companies found their panacea in Egypt, which is prioritizing investment in large-scale, modernized farming to export crops over pursuing strategic crop cultivation and traditional farming methods in the Nile Valley and Delta.
Elite Agro LLC, registered in Abu Dhabi, recently acquired the 100% ownership in Al Rawafed Holding, thus also becoming the owner of 12,000 hectares of arable land in Serbia and one of the largest landowners in the country.
Abu Dhabi-based Elite Agro LLC, a cereal-producing company, recently acquired 100 percent ownership of AL Rawafed Holding, making the Arab company the owner of 12,000 hectares of arable land in Serbia and joining the group of leading domestic landowners.
Founder and CEO of the firm that was active in the rush to buy global farmland on the heels of the 2008 financial crisis has been arrested for defrauding investors, including the Bill & Melinda Gates Foundation.
Little of the 5 million acres [2.02 million hectares] that Sudan's agriculture ministry estimates are in foreign hands—perhaps less than 1 in 20 acres—has been cultivated.
La ferme en Gombo vert destinée à l’exportation vers les marchés internationaux couvre une superficie de 50 hectares, mais les promteurs emiratis s'attèlent à élargir leurs activités agricoles sur 1360 ha
The Prince said his country currently has agriculture cooperation agreements with several other African countries, and is now keen on ensuring that Liberia becomes part of such pacts.
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.
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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.
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Investing in farmland to buffer inflation
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