Monday, August 1, 2011

Food Security: Qatar Spends Hundreds of Millions in Australian Farm Land

Hassad, Qatar's Sovereign Wealth Fund, is making significant investments for food security by buying agricultural land and operations in New South Wales, Australia.

"Hassad plans to spend $US350 million ($318 million) in Australia to secure food supplies for Qatar, which imports 95 per cent of its food. By comparison, Australia produces 93 per cent of domestic food needs."


No comments:

Post a Comment