Canadian pension funds PSP Investments and OMERS were earlier named as potential bidders for the beef, sheep and cropping operations, along with the Abu Dhabi Investment Authority.
NRTC, a subsidiary of Abu Dhabi's IHC, acquires the 10,000 acre, Al Hashemeya Farms from another IHC subsidiary, Ghitha Holding.
For the Abu Dhabi sovereign wealth fund a minority stake in one of the largest grain traders could boost food security for the United Arab Emirates, amid concerns brought on by disruptions caused by the coronavirus pandemic.
Land deals, whether as direct purchases or long-term leases, are being brokered in poor countries by advanced capitalist countries and their TNCs
The water industry and agriculture are emerging as major new asset classes for Islamic financial institutions, especially in the field of sustainable investments.
Turkey can attract up to $9 billion funds from Gulf Arab funds, mainly in food and agriculture, the head of the Turkish Investment Support and Promotion Agency said on Monday. "We are working on a big project for the southeastern Anatolia region."
Vision 3, an alliance formed by Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House, announced the make up of its board at its inaugural meeting yesterday.
Egypt will receive a number of UAE delegations next month to discuss proposals involving agriculture, land reclamation and the food industry in southern Egypt, as well as infrastructure and renewable energy projects.
Vision3, an alliance of three major Gulf financial institutions, has signed a landmark deal with Turkey paving the way for nearly $9 billion investment in Turkey’s agricultural sector.
As the increase in oil prices continue to help boost the income of Persian Gulf nations, Turkey is becoming a magnet for Gulf-based investors aiming to establish strategic food reserves
Three major multi-billion Shariah-based projects to boost infrastructure, agriculture and hospitality sectors in GCC and elsewhere in the Middle East, North Africa and South Asia were launched here yesterday.
Three new investment funds controlled by prominent Gulf investors will sink at least US$2.8 billion (Dh10.3 bn) into infrastructure, agriculture and hospitality projects in the Middle East and South Asia.
