Qatar's Hassad Food is eyeing a stake in Russia's PAVA and has signed a deal potentially worth $1 billion to develop land in Sudan as it looks to grow through acquisitions and joint ventures, its chairman said on Thursday.
Asked why he was attracted to Sudan, where Citadel got 200,000 ha of farmland betting on a continued global commodities rally, Chairman Ahmed Heikal said: "Almost free land, available water, fantastic climate, fantastic land quality -- why not Sudan?"
In many parts of the developing world, legislation allowing compulsory acquisition of land in the public interest has been used to make land available not for schools or hospitals, but for commercial projects – in the mining, petroleum or agriculture sectors.
A US Department of Agriculture-led investment scanning of potential business matches in the Philippines has identified $330 million worth of prospects in agriculture, with large tracts of land offered along the pattern provided to Saudi Arabian business groups
In a bid to ensure food security for the country, Indian solvent extractors have sought government support to buy agricultural land abroad.
Volatility in commodity markets tends to boost consolidation in the agriculture sector as firms require more capital and improved risk management, the executive officer of French giant Louis Dreyfus said Tuesday. One of the company's focus now is on farmland.
The UN's Food and Agriculture Organisation aims to draw the first ever global guidelines to ensure land access to farmers and investors, boost food security and prevent arbitrary land grabs, the FAO said on Tuesday.
Saudi Arabia and Turkey will hold talks to map out a future strategy for cooperation in the agriculture sector on Tuesday. The talks, to be held within the framework of a major initiative launched by Custodian of the Two Holy Mosques King Abdullah to ensure food security, will be led by Minister of Agriculture Fahd Balghunaim, while Turkish Minister of Agriculture and Rural Affairs Mehdi Eker will attend from the Turkish side.
Peter Hannen is selling his sheep country in western NSW, Australia after his ambitious plan to raise $300 million for an agricultural fund with Dexian Capital couldn't find support.
The Solvent Extractors’ Association of India, a body of over 800 edible oil producing companies, is looking to buy tracts of agricultural land in South America, Africa and Myanmar.
Saudi Arabia and Turkey will hold talks to map out a future strategy for cooperation in the agriculture sector on Tuesday.
The Saudi Binladin Group's $4.3 billion planned investment in Papua, east Indonesia, to develop rice fields has stalled because of problems acquiring land from local people.
