Cambodia's traditional sectors are foundering in the wake of the global financial crisis, but the Kingdom's farmlands could bring billions from Middle Eastern countries seeking food security.
The United Arab Emirates plans to invest up to 700 billion US dollars in East Asia as the country had huge profits from soaring oil prices in recent years, Head of the Indonesian Capital Investment Coordinating Board Muhammad Lutfi said in Jakarta Thursday. Among the sectors for possible investment are energy, agriculture, tourism and food security.
China and the Middle East countries will invest in horticulture sector of Pakistan to the tune of $5 billion during the current year 2009, an official of Agribusiness Support Fund (ASF) said Wednesday.
Investment in the agriculture sector is currently problematic due to the international financial crisis; last year’s interest in buying up land or companies in this sector has melted away.
"Don’t tell me the Saudis grow food in Ethiopia to feed Ethiopians. Here is the conflict. Food shortage and famine is still rampant in today’s Ethiopia."
"Huge tracts of unutilised agricultural land are available" writes the Ambassador of Ethiopia to the UK
There are now a few examples in Canada of outside corporations buying and/or leasing land and farming it themselves. In fact, a huge corporate farming entity is being planned for First Nations land in the three Prairie provinces.
The chief of the International Finance Corporation, Lars Thunell, has been holding talks with Saudi finance minister Ibrahim Al-Assa on corporation in areas of joint 'external agricultural investments'.
Saudi Finance Minister Ibrahim Al-Assa also met the chief of the International Finance Corporation, Lars Thunell, and discussed ways to strengthen cooperation between the Kingdom and the IFC in areas of joint external agricultural investments in addition to activating the corporation’s activities in the Kingdom.
Agrifirma Brazil, a farm fund backed by Lord Rothschild and Jim Slater, the former corporate raider, is scrapping its hedge fund-style fees to make it easier to attract investors. Agrifirma owns more than 100,000 acres of Brazilian farmland.
Could the Middle East become a significant new source of offshore investment in Australia’s extensive northern cattle industry?
Cru Investment Management PLC, a company based in Cardiff, UK, forecast a 30% return for an agricultural fund that generated profit from farms in Malawi.
