For Saudi state-based SALIC the investment in Hummingbird reflects its ambitions to evolve into a global agribusiness investment company, and is a strong strategic move after its string of farmland deals this past year.
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.
A Saudi delegation met with South Africa’s Minister of Agriculture and "expressed a desire to lease land in South Africa to produce a wide range of agricultural commodities provided they can sign a lease of 99 years or more.”
Saudi Arabia wants India to change its laws to allow Saudis to own agricultural land to help enhance food security while reducing their dependence on oil, says the chairman of the Saudi-India Business Council
Fruit d'un partenariat privé, le projet s'étendra sur une superficie de 5.000 hectares accordés dans le cadre de la concession agricole et sera consacré exclusivement aux cultures stratégiques, céréales et aliment de bétails