Agrarian mirage: Gulf foreign direct investment in Pakistan’s agricultural sector
- MEI
- 02 October 2014
How did such a promising idea (which appeared to offer a textbook example of a win-win situation) fail?
How did such a promising idea (which appeared to offer a textbook example of a win-win situation) fail?
Egyptian PM Ibrahim Mahlab met with UAE Minister of State Ahmed Al Jaber and officials of Al Dahra Agriculture to assure them that the Egyptian government is removing obstacles to the company's projects in Toshka.
Investment Corp. of Dubai in tie-up with Nigerian businessman Aliko Dangote that "could run into billions of dollars" and involves ventures in agriculture.
Farmers are outraged at the Ministry of Agriculture, which leased more than 3,000 ha of the best arable land to the company “Al Rafaved” from the United Arab Emirates for 250 euros per hectare.
Farmers in Kula, Serbia have made formal complaints about an Abu Dhabi company, Al Rawafed Agriculture, which is trying to acquire land.
The first venture of the company will be a EUR 22 million purchase of part of the property of two agricultural enterprises in restructuring - AD Bačka, based in Sivac, and Adria AD, based in Nova Gajdobra.
"UAE relies on food imports and we are very concerned with food security so we are very willing to invest heavily in Zimbabwe's agriculture," Dr Andre Homberg of Tabarak Investment Bank said.
Le projet de Tochka était censé régler les problèmes démographiques et agricoles de l’Égypte. En 2008, plus de 30 000 ha ont été attribués à une compagnie saoudienne. Fin 2013, une compagnie émiratie y annonçait l’achat de 40 000 ha.
Mohammed Bin Rashid Al Maktoum is also travelling to Mexico, Argentina and Chile. The agenda includes negotiations for strategic partnerships, agriculture in Africa and mutual investment.
Serbia's anti-trust regulator said it has cleared plans by UAE-based Al Dahra International Investment to take over from Serbia's Rudnap Group a 51% stake in Belgrade-based agriculture company Rudnap Agrar.
The CEO of Emirates Investments Group calls for investment "in agricultural land abroad or leasing land to a professional who can manage it more efficiently with better practices."
The government is going to lease 600,000 hectares to local and foreign investors.
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