UAE to invest in Kazakh agriculture
- Financial Times
- 16 July 2008
The United Arab Emirates is seeking to invest in agricultural projects in Kazakhstan as part of its efforts to secure food supplies.
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.
A senior Ministry of Agriculture official on Thursday dismissed foreign media reports about China hoarding overseas farmland, saying the country is fully capable of ensuring its own food security.
Chinese investors, who have lately gained a strong presence in Kenya’s telecoms and heavy industry, are now eyeing the country’s farmland as a source of useful raw materials and employment opportunity
Dexion Capital prepares to raise $270 million for a private equity fund which will invest in land, and operate cattle and crop farms around the world.
The UN’s Food and Agricultural Organization is expanding its Abu Dhabi office tenfold to broker deals with farmers in such areas as the Horn of Africa.