UAE looking to Turkey for investing in food security
- The National
- 11 February 2011
The UAE will look to invest in farmland in Turkey as rising prices raise the urgency of food security, says Sultan al Mansouri, the Minister of Economy.
The UAE will look to invest in farmland in Turkey as rising prices raise the urgency of food security, says Sultan al Mansouri, the Minister of Economy.
Former Prime Minister, Bob Hawke, is leading a push to get Arabs to invest in Australian farmland as part of a long term food security strategy for oil-rich Gulf States
The UAE and other GCC member countries should draw up a unified food security strategy with the bloc, and not individual countries, investing in farms abroad to minimise risks of political blackmail.
A handful of North African countries, along with Iraq and Sudan, could feed the Gulf.
The large-scale purchasing of agricultural products and assets are the main targets of the UAE delegation visit to the Ukraine.
Gulf Merchant Bank launches aquaculture fund and acquires 400ha land concession.
As Gulf states continue to invest in foreign farmland, what are the long term implications
Several national companies and even the Abu Dhabi Investment Authority, the capital's sovereign fund, are planning investments in agriculture in countries as diverse as Vietnam, Cambodia, Pakistan, Australia, Romania and the United States.
Abu Dhabi acquired 30,000 ha of Sudanese farmland last June through the ADFD to grow alfalfa, a crop used to feed cattle.
Abu Dhabi's Jenaan Investment owns and leases properties in Egypt and Sudan, as well as leasing land in Tanzania, Ethiopia and the US.
The UAE and Saudi Arabia will continue to invest in acquiring farmland abroad as part of their strategy to secure food supplies.
The Abu Dhabi Development Fund eyes the opportunity to invest in Bulgarian agriculture.
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