Saudi Arabia

Saudi Arabia foresees investment of $600 billion in Turkey during the next 20 years, with Saudi food security high on the agenda

Saudi billionaire Prince Alwaleed bin Talal announced Sunday an agreement has been reached on returning most of his disputed agricultural land in Egypt -- 30,000 out of 40,000 hectares -- back to the government.

The World Food Program intends to buy some of the grain produced in Ethiopia by foreign investors in order to assist hungry people. Ironically, this group of intended food aid recipients will include those working to produce it in the first place. Ethiopia's government is calling this sustainable development.

On assiste depuis quelques années à une véritable envolée des investissements agricoles dans le monde en développement.

Les crises alimentaire et financière qui ont secoué le monde en 2008 ont eu un effet méconnu du public. Elles ont provoqué une incroyable course pour la mainmise sur les terres cultivables partout dans le monde.

Tanzania should seize the opportunity of rising food prices by investing in smallholder farmers and allow large scale foreign investors targeting exports, Agriculture Council of Tanzania (ACT) Chairman, Salum Shamte has said.

Saudi's Kingdom Holding said on Saturday it had not given up contested land in southern Egypt and had spoken to Egypt's public prosecutor about a settlement.

This study is conducted in order to shed light on and investigate the welfare situation for people affected by farmland investments. It deals with three cases in the Oromia region: Castel Winery, Elfora Agro-Industries PLC and Sher Ethiopia PLC

"Only 12% of [the land investors have acquired in Africa in the last few years] is actually being farmed," Oxfam Senegal's Head of Economic Justice Lamine Ndiaye says. "The other 88% is just sitting there. It's just for speculation. You buy it, and three years later, you sell it at a higher price."

The world’s wealthiest Arab, Prince Alwaleed bin Talal of Saudi Arabia, has dismissed allegations that he had conceded land that he had bought to anyone

The richest man in the Middle East had a grand vision for turning a swath of land in southern Egypt into an agricultural marvel. Now that land has become part of a political struggle, in the wake of the overthrow of former President Hosni Mubarak.

Egypt's public prosecutors' office said on Sunday it had frozen land in southern Egypt controlled by Saudi billionaire Prince Alwaleed bin Talal because the original sale of the land violated the law.