Bahrain may invest in Manila farmland
- Bahrain Tribune
- 14 June 2008
Bahrain is eyeing a major food production programme with the Philippines in a bid to ensure food security in the Kingdom.
Bahrain is eyeing a major food production programme with the Philippines in a bid to ensure food security in the Kingdom.
As food crisis worsens, some nations are desperate for arable land
Bahrain wants to invest in rice farmland in the Philippines, the world's top importer of the grain, in a move to boost food security as global food supplies become increasingly expensive, traders said on Wednesday.
Bahrain Minister of Industry and Commerce Dr. Hassan bin Abdullah Fakhro pointed out today that an agreement was reached with officials in the Philippines to allocate large plots of land to grow Basmati rice in a bid to secure the Kingdom's needs for such a product at reasonable prices
“It is the government’s policy to encourage all companies to go abroad, including agricultural firms,” a Chinese Agriculture Ministry official told Reuters.