COUNT ME IN! Swedish investor snaps up historic property for $20m
- The Standard
- 28 January 2010
Swedish Count Carl Gustav Wachmeister bought 3,310 ha in Victoria State, Australia
Swedish Count Carl Gustav Wachmeister bought 3,310 ha in Victoria State, Australia
An ambitious project pooling New Zealand's farming expertise has received a fillip from Emirates Investment Group. Through EIG, there are two large Pakistan projects on the cards, one involving a 35,000ha farm.
Mauritius has established a company to facilitate investment in Mozambique, particularly in the area of agro-food. The company was established after the Mozambican government granted Mauritius 23,500 hectares of land.
Heightened land values have caused several Egyptian banks, private companies and government bodies to purchase agricultural land in Africa, in addition to focusing greater attention on Egypt’s land resources.
Khon Kaen Sugar Industry Plc aims to invest about 15 billion baht over the next five years to double its sugarcane output in Thailand and continuously expand its presence in Cambodia and Laos.
Pakistan will press ahead with plans to lease or sell farmland to foreign investors despite United Nations concern over such deals, arguing the land would otherwise lie fallow, Pakistan's foreign minister said.
As interest in transnational land acquisition for food production grows, the importance of legal customary tenure recognition becomes more apparent.
How could Meles know the legitimate owners of the land, namely the future generation of Ethiopians, may not need the land say 20 years from now?
The urgency among Gulf states to pursue farmland acquisitions has diminished as food prices have gone down and controversy has gone up. Still, Saudi Arabia is pushing ahead with its plans.
“Large Scale Farming in Africa” is an international conference, which meets on 20-21 Apr 2010 in Cairo to explore upcoming investment opportunities in Africa’s agriculture sector, and discuss risk management and financing solutions.
A UAE company is seeking a 98-year lease on vast tracts of farmland in Tanzania to grow rice in order to secure food supplies for the Gulf countries.
A discussion note prepared by FAO, IFAD, UNCTAD and the World Bank Group to contribute to an ongoing global dialogue.