Kuwait backs rice cultivation study in Laos
- Vientiane Times
- 07 June 2010
Kuwait has provided US$350,000 to the Lao Ministry of Agriculture and Forestry to study the suitability of extending irrigation so rice can be grown for export to Kuwait.
Kuwait has provided US$350,000 to the Lao Ministry of Agriculture and Forestry to study the suitability of extending irrigation so rice can be grown for export to Kuwait.
The Kuwait-based firm aims to build on its base as the leading food company in the Middle East.
Kuwaiti firms and other Gulf Cooperation Council members are looking to invest in agriculture and food in Turkey, and could sign a number of contacts this year, the head of Turkey's investment agency said on Sunday.
Saudi Arabia, along with Abu Dhabi and Kuwait, want to buy more than $1 billion worth of Aussie farmland in a 21st century land grab.
BKK Partners, an Australian financial advisory firm, has a client that wants to buy 100,000 ha of Cambodian farmland. Human rights workers and politicians are concerned.
The high potential in rice investment has intrigued not only China, which is Cambodia's biggest donor, but other donors as well, such as Kuwait, Korea and Japan—given the country’s agricultural sector is the nation’s backbone economy.
Guyana has an abundance of fertile land and aims to attract Gulf investment in its agricultural sector.
US embassy in Kuwait reports on discussions with Kuwaiti officials on acquiring farmland overseas for food security or profit
Farmers from South Korea, Kuwait and the United States have also arrived in Kwara state, some 400 km northwest of Lagos, which is keen to attract more investors and help Nigeria end its import reliance.
Sudan's Kenana sugar company -- part-owned by the governments of Sudan and Saudi Arabia and the Kuwait Investment Authority, among others -- will manage more than 300,000 acres of farm land in a long-term project that aims to make Africa's largest country the bread basket of the Middle East within 10 years, officials said on Sunday.
Kuwait China Investment Co, a firm linked to the Gulf Arab state's sovereign wealth fund which is approaching governments in Southeast Asia to invest in farmland, said it had secured final approval to list its shares on the Kuwaiti bourse.
Agricultural experts have called for a halt to moves by Gulf investors to snap up foreign land, amid claims that poor nations are losing much-needed farmland in a calculated land grab.
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