Saudi Arabia

Mitsui May Boost Farm Investment Overseas on Demand

Mitsui & Co., Japan's second-largest trading company, may increase investment in farming overseas to secure food supplies as competition from China, the biggest grain consumer, intensifies. The company is seeking new targets after taking a 39.35 percent stake in Multigrain AG, which produces soybeans in Brazil, the world's second-largest grower.

Minister backs Arab farm deals

Agriculture Minister Terry Redman says Western Australia should embrace moves by Arab interests in the Middle East to buy prime Wheatbelt farmland to secure their future food supplies. Two groups from the Middle East are due to visit the State early next year as they consider investments of up to $1 billion in cropping, sheep and dairy production in WA.

Ethiopia: Can foreign-owned farms solve food crisis?

The Ethiopian government’s ambitious target of harvesting 28 million tonnes of cereals in the first three quarters of the 2007/2008 budget year has failed. Authorities seem determined to change this situation by leasing huge chunks of land to other sovereign states for mechanised farming.

Mideast nations eye $1bln Australian cropland

"They're not talking about $2 or $3 million, they're talking about $20 million to up to $1 billion of investment in big projects," Peter Metcalfe, the director of grain industry development for Western Australia, said in an interview.

Gulf nations eye farmland in Australia

Middle Eastern countries flush with oil funds want to invest up to $1bn in Australian farmland as they extend a drive for food security to the world’s second-largest wheat exporter, a grains official said yesterday.

Rich countries carry out '21st century land grab'

Nomadic herders, rarely a priority for governments, are being dispossessed by bioethanol developments in Kenya, says Michael Taylor of the International Land Coalition (ILC), and they also depend on the “unused” land that Madagascar offered Daewoo.

NPC to invest $300m in fish farming

Saudi-based National Prawn Company (NPC), the world’s largest integrated shrimp producer, is planning an initial investment of $300 million (Dh1.1 billion) to start large-scale fish production in Saudi Arabia and other Gulf countries. The aim is to farm king fish, cobia, barramundi, mahi and milk fish using aquaculture installations on waste coastal desert land.

What ails Sudan’s agricultural sector

Saudi Arabia is in a better position to forge politico-economic partnerships with other countries with a view to achieving food security. The best partner in this respect is Sudan, known as the food basket of the Arab world. But foreigners are reluctant to invest in Sudan and the efforts made by the Sudanese government to overcome this reluctance have not met with much success.