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UAE eyes Asia, Africa farm lands

The United Arab Emirates is seeking to buy farmland in Vietnam, Cambodia, Africa and South America to secure food supplies for the desert country, the economy minister said in comments published on Wednesday.

"We discussed this thoroughly under the government's plan for the UAE, with Sudan, Egypt, countries in the Far East and some Arab countries which have agricultural lands," the Gulf News quoted Sultan bin Saeed Al Mansouri as saying.

"This is part of out strategic investment in general." Poor harvests, low grain stocks and rising demand have propelled global food prices, sparking protests, strikes and violence in Africa, Latin America, Asia and the Middle East.

Gulf Arab countries, flush with petrodollars, have not seen unrest, but inflation has risen to record or near record highs, sparking fears of shortages in a region where low rainfall and a lack of arable land mean a heavy reliance on imports.


UAE eyes Asia, Africa farm lands UAE eyes Asia, Africa farm lands Reviewed by marbun on 10:45 PM Rating: 5

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