Turkish investors have been cooperating with Kuwaiti businesspeople to invest some $100 million in greenhouses on a 100 hectare area in the Karaali region to export agricultural products to Gulf countries.
The SOCFIN land acquisition in Malen Chiefdom reads like a collusion between the government and the investor—an alliance of the powerful and wealthy—to strip a community of their most valuable resource.
New report shines a spotlight on the ongoing resistance to land grabs and provides recommendations calling for immediate action, not only by the PNG government but also various UN bodies and national governments.
Warakirri says it is already managing discrete agricultural investments for super funds, but this new fund is being set up in response to demand from private family offices, high-net-worth and not-for-profit community
"I think we are in the Goldilocks period of this opportunity right now where the market isn’t too thin or too saturated, but just right," says Artem Milinchuk founder of farmland investment company FarmTogether.
In December 2012, on the sidelines of Islamic business forum in Malaysia, a man made a bold claim said his company, Menara Group held the rights to 4,000 square kilometres of rainforest for oil palm plantations in Indonesia. The basis of his claim was Tanah Merah project in Boven Digoel, Papua.