Asia leads the charge in Aussie land grab
- ANA
- 02 July 2011
Asian investors have overtaken Europeans as the biggest buyers of Australian land, a snapshot of foreign acquisitions reveals.
Asian investors have overtaken Europeans as the biggest buyers of Australian land, a snapshot of foreign acquisitions reveals.
Local stock and station agents in Western District Australia estimate the Qatar government paid a premium of up to 20 per cent in order to secure the controversial deal,
The Middle Eastern company Hassad Foods, through Australian representatives, has been pinpointed as set to spend $45 million on five large western Victorian propertie
The governor of Khartoum State affirmed his support for Qatar Livestock Company (Mawashi) and directed official authorities to provide it with land plots for establishing its projects
Gulf states have opted to buy up large tracts of farmland in developing countries in a bid to safeguard their food supplies – a strategy that risks exporting their water shortages to other nations, analysts said.
According to Michael Yabsley of the Australian Gulf Council, agricultural land is among the top asset classes in Australia being considered by Gulf investors who have placed food security at the top of their priorities.
Qatar will make more investments overseas to produce key agricultural and horticultural commodities to ensure food supply security at home and will simultaneously focus on raising self-sufficiency in local produce.
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.
Qatar’s Hassad Food, a unit of the country’s sovereign wealth fund, plans to purchase farmland in Turkey to grow crops and raise livestock, the company’s chairman said.
Hasat Hud, a state-supported Qatari company, wants to buy vast swaths of public land in Turkey to invest in agriculture and husbandry.
Food investments may drive Qatar's sovereign wealth fund to look at Latin America as an important investment destination
Qatar pursuing a "shared-benefits model" that meets the needs of investors and local communities in currently cultivated land areas where the yield gaps are large.
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