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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Mideast SWF doubles investment in Australia sandalwood plantation

Posted on 17 June 2011

A Middle East sovereign wealth fund has more than doubled its investment to about A$100 million (Dh385 million) in a large sandalwood plantation in Australia’s remote northwestern region.
The investment by the unidentified fund will allow for the planting of a further 322 hectares of Indian sandalwood in an area near Kununnura, according to the project’s manager TFS Corp (TFC). The deal builds on an initial investment last year that funded the planting of 376 hectares, the company said……………………………………….Full Article: Source

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