Under the National Food Security Program, Qatari companies would produce five basic food items -- white and red meat, rice, sugar and grains (including wheat) -- in countries like Sudan, India, Australia, Argentina, Turkey and Brazil, among others.
Gulf states have opted to buy up large tracts of farmland in developing countries in a bid to safeguard their food supplies – a strategy that risks exporting their water shortages to other nations, analysts said.
According to Michael Yabsley of the Australian Gulf Council, agricultural land is among the top asset classes in Australia being considered by Gulf investors who have placed food security at the top of their priorities.
Qatar will make more investments overseas to produce key agricultural and horticultural commodities to ensure food supply security at home and will simultaneously focus on raising self-sufficiency in local produce.
Tanzania should seize the opportunity of rising food prices by investing in smallholder farmers and allow large scale foreign investors targeting exports, Agriculture Council of Tanzania (ACT) Chairman, Salum Shamte has said.