Kuwait likely to invest in overseas farmland, says head of UCCS
- Food Business Review
- 18 July 2008
As part of a national food plan, the country is particularly considering investment in chicken farms.
As part of a national food plan, the country is particularly considering investment in chicken farms.
A Kuwaiti cooperative union said yesterday the Gulf Arab state was interested in investing in farmland abroad to help secure food supplies, but would focus on local farms for now and a possible subsidies expansion.
The United Arab Emirates is seeking to invest in agricultural projects in Kazakhstan as part of its efforts to secure food supplies.
President of the United Arab Emirates, Khalifa bin Zayed, has said that in order to secure food supply for the country, the government wants to invest in farmland in Kazakhstan
Jordan's Agriculture Ministry will soon appoint a private sector company to manage its substantial investment in farmland in Sudan.
Emerging nations are trying to cash in on the global food crisis by getting big importers of crops to effectively lease their farmlands -- a new trend that is already sparking complaints from farmers in some countries who are concerned about their own food supplies.
There is growing interest in agricultural land, which Bramdean Asset Management is looking at and believes has huge potential
The UAE is actively looking at acquiring farmland in Vietnam, Cambodia, Africa and South America in an effort to ensure the availability of food stocks, according to the UAE Minister of Economy.
Gobal fund manager Schroders is launching an Agricultural Land Fund, only months after closing its USD 6 billion Alternative Solutions Agriculture Fund due to excessive investor demand.
A consortium of 15 Saudi Arabian investors is ready to take part in the Merauke Integrated Rice Estate (MIRE), injecting at least Rp600 billion ($65.04 million) into the region. The Agriculture Ministry's Secretary General, Hasanuddin Ibrahim, said each investor wanted to open about 5,000 to 10,000 hectares of land in Merauke, Papua.
The fund’s strategy is to own and manage funds which operate in largely unsubsidised farming countries and are among the lowest cost producers of their chosen commodity or livestocks.
Schroder Investment Management is planning to launch an Agricultural Land fund, aimed at exploiting the long term returns from agricultural land brought on by the growing demand on its use and productivity.