Chinese investment in Africa is expanding beyond a race to secure minerals and energy sources to put an increasing focus on agriculture, the chief executive of Standard Chartered Bank said on Wednesday.
As Mideast investors make plans to pump cash into farm projects in the developing world, the head of the United Nations' food agency said he is discouraging them from making direct purchases of farmland to avoid local backlash or other controversy, which could cause the investment trend to dry up.
Gulf Cooperation Council (GCC) countries must invest in foreign arable land to boost its food supply and increase food security in the region in the long term, Standard Chartered economists said on Tuesday.
Kuwait and Sudan will forge a “giant” strategic partnership to jointly invest in the agriculture sector
GCC countries face growing constraints in agricultural capacity. Structural factors are exacerbating pressures on food prices. A new report from Standard Chartered supports additional investment in agriculture.
Sudan and Kuwait agreed today to enhance strategic economic partnership between the two countries especially in the field of agricultural investments.
On the heels of tight crop production reports and the recent memory of individual nations experiencing food disruptions, there is a scramble to control or own agricultural assets and food stocks.
Viet Nam and Qatar have agreed to establish a US$1 billion petroleum and agriculture development fund, enabling Viet Nam to grow crops and export farm product.
8Natural gas exporter Qatar and Vietnam have set up a US$1 billion fund to invest in sectors including agriculture. Sovereign wealth fund Qatar Investment Authority will provide 90% of the fund's equity, Gulf Times reported, citing Phung The Long, Vietnam's Ambassador to Doha. "We have exchange ideas about setting up an animal farm for breeding cattle and lambs," The Long said.
Un mariage d’intérêt pourrait naître de l’excédent de liquidités dans les pays du Golfe et de l’abondance de terres arables en Afrique. C’est le vœu de Gulf Finance, Al Ihmar et Abu Dhabi Investment House, trois mousquetaires de la finance islamique qui viennent de mettre en place, fin août, un fonds d’investissement agricole appelé Agricapital.
Gas exporter Qatar and Vietnam have set up a $1 billion fund (56 million pounds) to invest in sectors including agriculture, a Qatar-based newspaper reported on Tuesday.
The UAE and other Gulf oil producers are considering creating a giant fund to invest in farm in fertile Arab areas and other nations to slash a soaring import bill and ease reliance on foreign markets for their food.
