Hassad Food Company intends to invest $500mn to $700mn this year for projects across the world as part of its mission to ensure food security for Qatar, chairman and managing director Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri has said.
Saudi Arabian investors are looking to expand their agricultural investments in the United States to secure long-term food supply because of water shortages in the desert kingdom, Saudi officials said on Thursday.
"A key obstacle to more transparent debate and informed decisions by governments and investors [involved in global land transactions] is the lack of science-based information," writes Surendra Shah in Nature magazine
Kuwaiti firms and other Gulf Cooperation Council members are looking to invest in agriculture and food in Turkey, and could sign a number of contacts this year, the head of Turkey's investment agency said on Sunday.
The Chairman of the Chamber of Commerce’s Board of Directors said that Saudi businesspeople were keen to invest in Turkey, particularly in agriculture. “The Kingdom has a huge program involving billions of riyals for agricultural investment in countries with fertile soil and plentiful water.”
“At this point, Turkey cannot even produce enough food for itself. Why should it even think about renting its own land?” says Abdullah Aysu, a spokesman for the Initiative for the Confederation of Farmers’ Unions
Turkey has been in talks for the past year with “three big international funds” in order to hire out agricultural lands. One of the deals will be announced very soon, the country's investment promotion agency says.
Hassad Food plans to invest all over the world. “Latin America, Asia, you name it,” says Al Hajri, “Where we invest, we make profit. If Qatar is in need of that production, Hassad has the pleasure to sell to Qatar at no special rate.”
Mineks has withdrawn from Vision3, the strategic alliance between three major Gulf banks to bring a $9 billion investment trust to Turkey, particularly in the Southeastern Anatolia Project, which hit the rocks when the banks were affected by the continued spiral of the financial crisis.