UAE investors are pumping huge funds into the agricultural sector given the availability of vast arable lands and water and production inputs along with a large market which can serve as a gateway to European and African markets.
Emirates Investments Group is looking to buy food and agricultural assets in Australia and New Zealand as global demand climbs, CEO Raza Jafar said.
Abu Dhabi finalises scheme to purchase 29,400 hectares of land in Sudan
Abu Dhabi’s Al Dahra Agricultural Company is halfway through a plan involving more than 60,700 hectares of farmland in Europe, the US, south Asia and north Africa to boost the UAE’s food security.
Sudan is seeking to attract at least $1bn of capital for its agricultural sector from Arab and Asian investment groups, which are turning to Africa in search of new food supplies as their governments try to manage the impact of commodity price inflation.
UAE-based investment company Al Barakah has shown interest in developing agriculture and farming projects in Bulgaria.
The GCC states are rapidly pursuing contracts for the purchase of land from eastern Africa to Vietnam to guarantee ample food supplies
While some North African countries are selling land, others struggling with dry climates are starting to buy land tracts overseas and in other African nations to feed their own growing populations.
“We plan to have invested $1bn in farms within five years,” says Petrus du Toit of Ridge Solutions, which is acquiring farmland in Angola with backing from foreign investors.
Joint venture with the India/UAE Allana Group acquires 20,000 head of cattle owned by Felda and gains access to over 850,000 hectares of oil palm land.
Abu Dhabi is preparing to launch a large-scale agricultural project in Sudan to develop more than 70,000 acres of land as part of the oil-rich Gulf emirate's efforts to secure food supplies.
Between 2007 and mid-2008, Gulf states and their government-backed businesses spent US$15 billion (Dh55bn) in sub-Saharan Africa alone, much of it in the drive for food security
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Obsolètes, les réformes agraires ?
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