GCC Archive

  • Gulf investors need to look at CIS market

    Gulf investors need to look at CIS market

    Since GCC countries have the required financial capacity and advanced financial systems, they can benefit from investment opportunities in agricultural production in CIS, where Gulf funds may bring about significant changes in the production and trade in food commodities in global markets
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    The GCC states are rapidly pursuing contracts for the purchase of land from eastern Africa to Vietnam to guarantee ample food supplies
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    Leading Gulf economist Dr Eckart Woertz says plans by GCC states to buy farmland in Asian and African countries were not materialising despite announcements to the contrary.
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    Study says creation of a farm fund is crucial for the success of Arab agricultural projects aimed at achieving self-sufficiency since most fertile countries in the region lack sufficient investments.
  • Indonesia sees rice crop up, seeks Gulf farm investment

    Indonesia sees rice crop up, seeks Gulf farm investment

    Indonesia aims to attract Gulf Arab investors to develop "sleeping land" says Agriculture Minister during meetings with businessmen in Riyadh.
  • L’Etiopia ridotta alla fame dà cibo ai ricchi Paesi arabi

    L’Etiopia ridotta alla fame dà cibo ai ricchi Paesi arabi

    Con una dozzina di grandi laghi, altrettanti corsi d’acqua principali e oltre 3,5 milioni di ettari di terra irrigata, l’Etiopia è il «sogno blu» per gli investitori dell’arido Golfo arabo.
  • Local food production not viable

    Local food production not viable

    GCC countries are doing the right thing by increasingly exploring investments in farmlands abroad, says Jasim Ali, Bahraini MP.
  • Gulf Cooperation Council food security: balancing the equation

    Gulf Cooperation Council food security: balancing the equation

    "A key obstacle to more transparent debate and informed decisions by governments and investors [involved in global land transactions] is the lack of science-based information," writes Surendra Shah in Nature magazine
  • The latest crop of landowners gives food for thought

    The latest crop of landowners gives food for thought

    Such huge transfers of agricultural power must surely come with consequences that are worthy of closer regulatory inspection.
  • ME’s farmland buys in Africa seen as ‘a win-win partnership’

    ME’s farmland buys in Africa seen as ‘a win-win partnership’

    The head of a 19-state African trading bloc has denied the Gulf’s policy of snapping up cheap farmland across the continent is tantamount to a ‘neo-colonialist’ land grab.
  • Stronger GCC-ASEAN ties pledged

    Stronger GCC-ASEAN ties pledged

    Vietnam President Nguyen Minh Triet, current chair of the Association of Southeast Asian Nations, pledged to bolster Saudi-ASEAN cooperation in view of ASEAN's reliance on the Gulf states' oil and the Gulf states' need for overseas farmland for their own food security.
  • New Economist Intelligence Unit study assesses long-term resource strategy of GCC countries

    New Economist Intelligence Unit study assesses long-term resource strategy of GCC countries

    The Economist Intelligence Unit says that GCC investments in farmland abroad are needed to ensure food security, but must be structured carefully to avoid conflicts with host governments.
  • GCC states look abroad to meet food needs

    GCC states look abroad to meet food needs

    Gulf oil producers have abandoned long-standing nationalistic policies of achieving food self-sufficiency and switched to a more realistic approach of using their strong financial muscle to invest in farm projects in fertile countries.
  • Mideast supplies: Slowdown in Gulf states’ dash for farmland

    Mideast supplies: Slowdown in Gulf states’ dash for farmland

    The urgency among Gulf states to pursue farmland acquisitions has diminished as food prices have gone down and controversy has gone up. Still, Saudi Arabia is pushing ahead with its plans.
  • From the Bosphorus: Straight – A proposal to be stewed, roasted, baked or boiled

    From the Bosphorus: Straight – A proposal to be stewed, roasted, baked or boiled

    This proposal smacks of the 18th and 19th century capitalizations of the Ottoman government that made Turkey a vassal of European powers. Thanks Mr. Korkmaz. But no thanks.
  • Food security keeps its place at the table

    Food security keeps its place at the table

    What do the Berlin Wall and the UN Food and Agricultural Organisation (FAO) have in common?
  • Sudan eyes $6 bln-$7 bln investment in 2010

    Sudan eyes $6 bln-$7 bln investment in 2010

    Sudan's minister of state for investment said yesterday he expects investments of $6-7 billion in the country in 2010, adding that Africa's largest nation is seeing increased interest in its agricultural sector.
  • Baghdad calls on GCC to ensure its food security by investing in Iraq lands

    Baghdad calls on GCC to ensure its food security by investing in Iraq lands

    Baghdad has suggested that Gulf Cooperation Council countries invest in Iraq farms to help revive its agriculture and ensure the Gulf's food security locally.
  • When wise investing leads to full stomachs

    When wise investing leads to full stomachs

    Why produce a low-value crop such as wheat using expensive water when the FAO says the global wheat harvest will this year be second only to last year’s record?
  • Thailand’s bloom fades for investors from Gulf

    Thailand’s bloom fades for investors from Gulf

    Bangkok was wary of GCC efforts to ensure its food supplies by purchasing rice growing lands, and now political instability is chilling the investment climate. Tom Spender reports