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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Qatar to invest $500-700 mln in food security projects

Posted on 03 June 2010

From People.com.cn: Qatar has planned to earmark 500 million to 700 million U.S. dollars this year to buy and lease farmland across the world. Hassad Food Company, operated by the emirate’s sovereign wealth fund, will select countries to honor that strategy, which was also pursued by its Gulf peers that are heavily reliant on food imports.
“Our five pillars are production and supply of rice, sugar, grain, meat and animal feed,” chairman Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri was quoted as saying by the Gulf Times on Tuesday…………………………………………Full Article: Source

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