Too wet to rent out?:
"Arab Countries Continue to Rent Land Abroad to Insure Food Security
04/30/2010
The spike in the prices of grains in 2008 prompted the oil producing Arab countries, which have limited water and arable land, to rent lands abroad to satisfy their demand and improve food security. The recent glut in wheat on the international market has not diminished the appetite of these countries to find more suitable land to use for the production of grains, mainly wheat. Sudan remains the most attractive target for many countries, including South Korea and China.
Saudi Arabia has rented land in Egypt and Sudan and is looking for similar arrangements in Algeria. Libya has signed an agreement to rent 100,000 hectares in Ukraine but that agreement has not been carried out as yet. Libya is also cultivating land in Mali.
[News reports earlier in the week indicated that Saudi Arabia is looking to rent land in New Zealand.]
Source: Al-Sharq Al-Awsat, London, April 30, 2010"
"Arab Countries Continue to Rent Land Abroad to Insure Food Security
04/30/2010
The spike in the prices of grains in 2008 prompted the oil producing Arab countries, which have limited water and arable land, to rent lands abroad to satisfy their demand and improve food security. The recent glut in wheat on the international market has not diminished the appetite of these countries to find more suitable land to use for the production of grains, mainly wheat. Sudan remains the most attractive target for many countries, including South Korea and China.
Saudi Arabia has rented land in Egypt and Sudan and is looking for similar arrangements in Algeria. Libya has signed an agreement to rent 100,000 hectares in Ukraine but that agreement has not been carried out as yet. Libya is also cultivating land in Mali.
[News reports earlier in the week indicated that Saudi Arabia is looking to rent land in New Zealand.]
Source: Al-Sharq Al-Awsat, London, April 30, 2010"
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