GCC governments use two-way strategy to address food security concerns
07.03.2012: Outside land acquisition and investment in local food production main priorities ahead of AGRA Middle East
Outside land acquisition and investment in local food production main priorities ahead of AGRA Middle East
Caption: GCC governments are pursuing a two-pronged strategy in order to secure their food supply and reduce their reliance on food imports ahead of AGRA Middle East, the largest agribusiness trade event in the region.
GCC governments are investing heavily in outside farmland acquisitions and leases, along with injecting money into the domestic food production industry, in an effort to secure food supplies to the region and safeguard against market fluctuations.
Leading the way is Saudi Arabia, which is currently investing US$23.1 billion in food security initiatives such as the allocation of US$12.3 billion to the development of the food processing sector and the provision of US$6 billion in financial and oil aid to Pakistan in return for agricultural land.
The UAE has recently acquired or leased more than 1.4 million hectares of arable land in Sudan, Pakistan, and Morocco, while investing US$1.4 billion in the country’s value-added food manufacturing sector, resulting in 150 food processing plants.
The figures were collated by research analysts Alpen Capital in the build up to AGRA Middle East, which takes place from 2-4 April at the Dubai International Conference and Exhibition Centre.
The region’s largest agriculture business trade event, AGRA Middle East will host more than 180 international manufacturers and suppliers of agribusiness equipment and technology from 30 countries looking to showcase their products to importers, buyers and government officials from across the Middle East.
As part of plans to be completely self-sufficient by 2023, Qatar has invested US$5.1 billion in various food security initiatives, including leasing 400,000 hectares of land in Kenya against a US$3.5 billion loan to the Kenyan government, while also establishing a US$1 billion joint venture with Vietnam to provide 90 per cent of funds for investment in various sectors, including agriculture.
Ensuring food security remains one of the most important issues for all GCC countries; according to the Economist Intelligence Unit, the six GCC states currently import 90 per cent of all food products. The high reliance on imports mean the region is particularly vulnerable to price increases when supplies are interrupted.
Richard Pavitt, exhibition director for AGRA Middle East said: “Disruption in food imports, either due to policy restrictions by exporting countries or natural disasters, affects the GCC region significantly, thereby emphasizing the importance for the governments in the region to achieve food security in order to reduce their dependence on imports.”
In its efforts to attain self-sufficiency in the fish sector and agricultural products, Kuwait allocated US$80 million in 2011 to the newly established Public Authority for Agriculture Affairs & Fish Resources (PAAAFR), while investment in land projects in Sudan, Cambodia, and Vietnam is ongoing.
Meanwhile Oman has boosted its fisheries, modern irrigation systems, agricultural production and livestock breeding technologies with up to US$361 million of investment in the past two years, while Bahrain has purchased farmland in India, Pakistan, Philippines, Thailand, Turkey and Sudan, with 112 of their own food manufacturing plants.
The increased attention on food security and investment in the GCC is also reflected in the growth of AGRA Middle East, which has tripled in growth since its first year in 2007. The exhibition covers the five main sectors of agriculture including Agribusiness, Poultry and Livestock, Fishing and Aquaculture, Flower and Garden, and Agricultural Machinery and Supplies.
Added Pavitt: “Growing at an average of 50 per cent in exhibitor space every year, AGRA Middle East has established its presence as the must attend event by the Middle East’s agribusiness industry players. This year’s edition promises to be the largest yet as exhibitor interest remains strong from all the sectors covered by the event.”
Under the patronage of His Excellency Rashid Ahmad Bin Fahad, Minister of Environment and Water, AGRA Middle East is supported by the UAE Ministry of Environment and Water, Dubai Municipality, the Dubai Flower Centre, and the Dubai Biotechnology and Research Park (DuBiotech).
Now in its sixth edition, the exhibition features the Agribusiness Outlook Forum on Monday 2 April, aimed at addressing the region’s food security and water resources; and the Poultry Outlook Forum in association with the World’s Poultry Science Association on Tuesday 3 April. AGRA Middle East is also co-located with Vet Middle East, the region’s premier veterinary trade exhibition and conference.
Organised by Informa Exhibitions, AGRA Middle East is the largest agribusiness trade event in the region, offering an unmatched platform for international manufacturers and suppliers of agribusiness equipment and technology to showcase the benefits of their products to importers, buyers and government officials from the Middle East region.
- Lindsay Johnston, Total Communications Dubai also photo
H.E. Mattar Al Tayer, Chairman and Executive Director of the RTA officially opened Commercial Vehicles Middle East exhibition today in Dubai.Leading transport organisations debate key topics at conference; exhibitors use dedicated pl weiter >>
Major manufacturers in exhibition line-up; industry experts address key issues on conference floor
caption: Opening tomorrow in Dubai, Commercial Vehicles Middle East brings together major manufacturers and the largest ever gathering of t weiter >>
TEST RESULTS SHOW CHILDREN LEARN VALUABLE LESSONS FROM PORSCHE KIDS DRIVING SCHOOL 95% of youngsters pass evaluation test following PKDS visits to Dubai schoolsLearning road rules in the classroom – the Porsche Kids Driving School produced weiter >>
Photo caption 1: MSC Lirica vessel.Passenger numbers and infrastructure investment growing significantly; Arabian Travel Market cruise pavilion to bring together key industry playersThe positive outlook fo weiter >>
- 26% increase in contracts awarded in 2012Sustainable build and design at forefront of real estate development ahead of WORLD ecoConstruct and Infrastructure ArabiaCaption: Research released ah weiter >>
..to slash fuel costs, carbon emissionsCaption: The region’s first eco-friendly training programme which offers significant cost savings for fleet managers at Commercial Vehicles Middle East. weiter >>
Caption: Rosewood Corniche has launched the Rosebuds Programme, a corporate initiative for babies and children.An overnight stay in a beautiful hotel can be an exciting event for any young child and now Jeddah’s l weiter >>
- Local importer Abu Dhabi Motors invests AED 300 million. - 2011 BMW Group’s most successful year in the Middle East.The BMW Group has opened the world’s largest showroom for BMW, MINI and Rolls-Royce weiter >>
Caption: The winners of the Middle East Electricity Awards celebrate last night at the Dubai International Convention and Exhibition Centre.Abu Dhabi Municipality and Ruud Lighting recognised by industry peers for excellence in e weiter >>
Growing number of foreign visitors to the UAE spurs strong online visitor interest in ATM with 132% year-on-year pre-registration increase The number of foreign tourists heading to the UAE this year is expected to re weiter >>
Caption: His Excellency Dr. Rashid Ahmed Bin Fahad, Minister of Environment and Water in the UAE officially inaugurated Middle East Electricity today- More than 1,000 exhibitors gather in Dubai to parti weiter >>
Photo Caption: DUKES LONDON, the ‘little gem’ of the West End.Dubai-owned and managed boutique hotel honoured at World Travel Awards for displaying ultimate levels in service standards – owner and manager Seven Tides to weiter >>
caption: Secretary General of Qatar 2022 Supreme Committee Hassan al-ThawadiSecretary General of Qatar 2022 Supreme Committee says number of tourist arrivals expected to grow to between 1.7 and 3.7 million by 2022, up from 90 weiter >>
Secretary General of Qatar 2022 Supreme Committee and Qatar Central Bank Governor will update regional and international delegates about the journey to 2022 and beyondIndustry experts will head to the annual Qatar Projects 2012 conference which weiter >>
Caption: Power, water and energy projects in the Middle East are currently worth US$180 billion, as the UAE forges ahead with projects worth US$34.2 billion.Middle East Electricity shines spotlight on boomin weiter >>
Abu Dhabi Government owned industrial conglomerate identifies and develops local talent at UAE’s leading recruitment showcaption: General Holding Corporation (GHC) was at Tawdheef recruitment show this week to recruit 198 UAE Nationals for their gro weiter >>
More than 2,000 immediately vacant positions available for UAE Nationals at country’s leading Emiratisation careers eventCaption: H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Re weiter >>
Abu Dhabi sports community gets active in football, pilates, bootcamp and more in unique, state of the art facilitiesCaption: The Dome@Rawdhat is introducing new classes, football leagues and special events as it becomes the sporting hub weiter >>
Eleven local coaches accredited at leading UAE soccer schoolCaption: Manchester United Soccer Schools in Abu Dhabi has accredited 11 local coaches to offer a truly multi-cultural football experience at the Dome@Rawdhat. weiter >>
Stakeholders of Oceana Residence agree after a thorough internal process and commitment to transparency - AED17.50 per square footAs issues concerning the transparency and breakdown of service charg weiter >>
Increase of exhibitors showcasing alternative energy products and services at world’s leading energy event in DubaiCaption: Almost 10 per cent of exhibitors at Middle East Electricity 2012 will be showcasing products and servic weiter >>
Caption: Renault Trucks is launching its Sherpa Scout military 4x4 vehicle at Commercial Vehicles Middle East.French manufacturer uses Commercial Vehicles Middle East to showcase vehicles capable of operating under extreme conditi weiter >>
Nearly 500 hotels under construction in Middle East/Africa according to STR Global, as operators push ahead with projects despite regional turmoilPhoto caption: Richard Thompson, Editor, MEED. weiter >>
Partnership gives Asteco clients opportunity to diversify their property portfolio and take advantage of IP Global’s full-service international investment offeringLeading UAE property management weiter >>
The number of transactions and enquiries is expected to continue rising in 2012 with the supply/demand gap narrowing, says Asteco Qatar Q4 2011 reportResidential rental rates in Qatar were broadly stable across all locations in the fourth quarter of last y weiter >>
Partnership with World Next Generation Korean Entrepreneurs and Professionals Association to build Korean Village at Najmat Reem Island Reem Investments has signed a MoU with the World Next Ge weiter >>
Rents rise as amendments allow landlords to increase prices to current market values, says Asteco’s Jordan Q4 2011 reportApartment rental rates rose in certain areas in Jordan during the fourth quarter of 2011 due to an amendment to the land weiter >>
Vahid Fotuhi, Chairman of the Emirates Solar Industry Association, is confident the Middle East can become a major exporter of renewable energyMiddle East Electricity’s Power & Utilities Infrastructure Conference to addr weiter >>
Apartment and villa rental rates broadly unchanged in the fourth quarter of 2011 with limited transaction activity set to continue, says Asteco Q4 2011 reportApartment and villa rental rates in the Northern Emirates were mostly unchanged weiter >>
..on international car rental in 111 countriesCaption: Hertz Global Sale offers exciting savings to 111 countries.Hertz continues to draw on its global leadership strengths to provide car rental savings to customers weiter >>
... and can influence parents as well as future drivers, say primary heads FIA Vice President Mohammed Ben Sulayem fully supports Porsche Kids Driving SchoolSchools award top marks for drive to teach children road rules weiter >>
Caption: Abu Dhabi Motorsport Management (ADMM) will be at Tawdheef next month as they look to double Emirati staff to 30 per cent of the total workforce in 2012.Abu Dhabi Motorsport Management at Tawdheef to dou weiter >>
The winners of the inaugural Streetkings tournament, Under 17 category, Bader Alshabibi and Wael Alshabibi.Sixty two teams registered to show off street soccer skills in one day competition at the Dome@Rawdhat weiter >>