The Saudi government announced that it would co-ordinate with local private-sector companies and invest in strategic agricultural interests in key producer countries such as Brazil, Ukraine, Thailand and India, guaranteeing for itself supplies of cereals, meat and vegetables. It is already in advanced negotiations with Thai investors and a deal on rice farms in Thailand is likely before the end of the year.
UGANDA is to benefit from $100m contribution by Kuwait to support food production and agri-businesses development, James Mugume the permanent secretary in the foreign affairs ministry has said.
A big chunk of land in Sudan has been set aside for Korea to invest in crop production, the Sudanese ambassador said.
The Kingdom of Saudi Arabia is in talks with Sudan and other countries to grow grains to meet its strategic food needs.
Bahrain is eyeing a major food production programme with the Philippines in a bid to ensure food security in the Kingdom.
Saudi Arabia has unveiled plans to develop large-scale overseas agricultural projects to secure food supplies, revealing that Riyadh is in discussions with Ukraine, Pakistan, Sudan, Turkey and Egypt.
As food crisis worsens, some nations are desperate for arable land
The expectation in Ukraine is that billions of dollars of fresh investment and agriculture reforms, namely sanctioning of agriculture land sales, could double or triple domestic grain production to 100-150 million tons levels in the long term.
Bahrain wants to invest in rice farmland in the Philippines, the world's top importer of the grain, in a move to boost food security as global food supplies become increasingly expensive, traders said on Wednesday.
China’s search for new land has led Beijing to aggressively seek large land leases in Mozambique over the past two years, particularly in its most fertile areas, such as the Zambezi valley in the north and the Limpopo valley in the south.
The Government is considering the purchase of farmland worth US$500 million (Dh1.8 billion) in Pakistan as part of a strategy to lower food import costs.
"If Korea wants to invest in agriculture, Australia is open for business," Australian Ambassador to Seoul Peter Rowe said in a recent interview with The Korea Times.
