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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar SWF food unit eyes PAVA stake, seals Sudan deal

Posted on 30 October 2009

From Reuters: Qatar’s Hassad Food is eyeing a stake in Russia’s PAVA and has signed a deal potentially worth $1 billion to develop land in Sudan as it looks to grow through acquisitions and joint ventures, its chairman said on Thursday.

The agricultural arm of Qatar’s sovereign wealth fund is bucking the Gulf Arab trend of buying farmland abroad to secure food supplies by investing in companies globally to help provide food security mainly for Qatar, the Middle East and North Africa region, Nasser Mohamed Al Hajri told Reuters……………………….Full Article: Source

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