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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Middle East money expanding Top End sandalwood

Posted on 05 November 2013

The world’s largest producer of Indian sandalwood has received $49 million from a sovereign wealth fund in the Middle East to plant nearly 600 hectares of sandalwood in the Northern Territory.
Tropical Forestry Services (TFS) says the investment includes $10 million to purchase some of its more mature plantations in Western Australia’s Kimberley region. TFS’ general manager of communications, Quentin Megson, says the Middle East investor will see returns from its new plantation near Katherine in about 15 years………………………………………..Full Article: Source


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