Qatar has embarked on a food-security programme to make it more self-sufficient and help the communities around its farmland projects in developing countries.
Hassad Food plans to invest all over the world. “Latin America, Asia, you name it,” says Al Hajri, “Where we invest, we make profit. If Qatar is in need of that production, Hassad has the pleasure to sell to Qatar at no special rate.”
Mineks has withdrawn from Vision3, the strategic alliance between three major Gulf banks to bring a $9 billion investment trust to Turkey, particularly in the Southeastern Anatolia Project, which hit the rocks when the banks were affected by the continued spiral of the financial crisis.
Al Salam Bank has announced plans to launch a new $100 million agricultural investment company in Bahrain which will focus on east Asia and Turkey.
Saudi Arabia and Turkey will hold talks to map out a future strategy for cooperation in the agriculture sector on Tuesday. The talks, to be held within the framework of a major initiative launched by Custodian of the Two Holy Mosques King Abdullah to ensure food security, will be led by Minister of Agriculture Fahd Balghunaim, while Turkish Minister of Agriculture and Rural Affairs Mehdi Eker will attend from the Turkish side.
Saudi Arabia and Turkey will hold talks to map out a future strategy for cooperation in the agriculture sector on Tuesday.
A group of private Saudi investors said they plan to start a company with $533.3 million capital that will invest in farm projects mainly abroad. First projects may be with Ghana, Turkey and Kazakhstan.
Saudi Arabia announces the launch of Agroinvest, which will focus on farm acquisitions abroad to grow wheat, rice, soybeans and other crops in Brazil, Vietnam, Indonesia, Philippines, Pakistan and Turkey
Because of the political sensitivity of the modern-day land grab, it is often only the country's head of state who knows the details. Der Spiegel investigates.
Private Saudi firm Planet Food World (PFWC) will invest around $3 billion in agriculture in Turkey over the next five years to export food products to the Gulf region, the head of its Turkish unit said.
The water industry and agriculture are emerging as major new asset classes for Islamic financial institutions, especially in the field of sustainable investments.
Turkish Agriculture Minister Mehdi Eker says to Arab investors, "We have made maps of all our lands. Take and cultivate which you want."
