Abraaj Capital

Gulf investors target Africa

African states have actively encouraged Gulf investors into areas like agriculture, seeing them as a useful counterweight to China’s influence.

South Korea's Daewoo to grow corn in Madagascar

South Korea's Daewoo Logistics will plant corn in Madagascar, a company official said on Tuesday, with a long-term aim to replace more than half the corn it currently imports from mostly the United States.

Region gains an appetite for Africa

As the Gulf's agricultural production rates slow and food prices around the world continue to rise, GCC members are investing heavily in the fertile lands of Africa and Asia.

Pakistan Real Estate: What now?

MAP services group’ is in the process of setting up a fund to develop model dairy and livestock farm in Pakistan. The fund will focus on private equity, SME funding and development as well as donor facilitation of project. The company plans to have 10 model farms in Pakistan by the end of 2010.

Gulf food security: is there enough, and at what price?

Both public and private sector investors in the Gulf are also looking at ways to improve local food supplies, by investing in a range of outlets from arable farm land in the Sudan, Algeria and Pakistan to introduce new technology to enhance the local production of foodstuffs and grains, livestock, poultry and fish.

Gulf states seeking food security

The Dubai-based think-tank Gulf Research Centre, in its food inflation report released last month, noted that agriculture production in the six-member Gulf Cooperation Council’s (GCC) countries is on the decline, and its exposure to unstable global food supplies would increase in the future. It called on the GCC to develop links with countries rich in arable land.

Middle East economy: Food outsourcing

The Saudi government announced that it would co-ordinate with local private-sector companies and invest in strategic agricultural interests in key producer countries such as Brazil, Ukraine, Thailand and India, guaranteeing for itself supplies of cereals, meat and vegetables. It is already in advanced negotiations with Thai investors and a deal on rice farms in Thailand is likely before the end of the year.