Saudi-based Almarai has agreed to buy Egyptian firm Beyti for $115 million, allowing a new joint venture with Pepsico to set foot in the Arab world's most populous nation. The price tag includes a 75-hectare piece of land.
These arrangements are reminiscent of “banana republics” when many African countries served as plantations for European countries -- but even those did not come with such explicit restrictions and rigidities.
The Egyptian Ministry of Agriculture and Land Reclamation is planning to set up model farms in Uganda. So far, one site of 200 hectares suitable for wheat growing has already been identified at Labora, Koro sub-county in Gulu district.
Le gouvernement devrait lancer, en juin prochain, des appels d'offres pour la vente de terres agricoles à des investisseurs locaux et étrangers, dans le cadre du projet d'une nouvelle zone agro-industrielle, a indiqué le chef de l'Autorité du développement industriel, Amr Assal.
A cash-strapped Pakistani government plans to sell or rent one million acre land to foreign countries for agricultural purposes in a bid to underpin the country’s troubled economy. “A complete legal cover will be provided to the investors so that even in case of the change of government, they should not be affected.”
Al Rajhi for International Investment will spend an estimated $400 million by 2011 to produce wheat and maize in Egypt and Sudan. The Saudi private firm is already farming 42,000 hectares of farmland in Egypt this year.