Asia looks enticing to Gulf investors
- The National
- 30 October 2009
While food security may be the aim of land acquisitions for many Gulf investors, KCIC sees Asian agribusiness purely from a commercial standpoint.
While food security may be the aim of land acquisitions for many Gulf investors, KCIC sees Asian agribusiness purely from a commercial standpoint.
Kuwait China Investment Co, a firm linked to the Gulf Arab state's sovereign wealth fund which is approaching governments in Southeast Asia to invest in farmland, said it had secured final approval to list its shares on the Kuwaiti bourse.
"Our proposition to the governments is that we can help them develop the infrastructure and develop the farmland and we will then take a share of the produce," says KCIC
Kuwait China Investment Co (KCIC), a firm linked to the Gulf Arab state's sovereign wealth fund, is eyeing investments in Asia's agriculture sector, the company's managing director said on Wednesday.
A Kuwaiti company partly owned by the emirate's sovereign wealth fund is preparing to join other Gulf states in buying up agricultural land in Asia, part of a global land grab to ensure food security.
A state-affiliated Kuwaiti company is set to join a growing list of entities from the oil-rich Gulf looking at investments in Asian agricultural land.
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