02 Jun 2012
(MENAFN) Qatar Investment Authority (QIA) said it will start exports of grains and wool from Australia as it nears completion of aUSD486 million farm investment plan, Bloomberg reported.
Hassad Food Co, the agricultural investment arm of the Qatari sovereign wealth fund, is concentrating efforts on commercial production from food security and is unlikely to buy new properties when it reaches its purchase goal within a year, according to Tom McKeon, CEO of Hassad Australia.
The Australian operation’s most recent purchases include a 40,000 hectare property in Telopea Downs in Victoria state, and 31,500 hectares of farmland in three locations in Western Australia this year, to boost supplies of sheep, wheat and barley, McKeon said.
Hassad Chairman Nasser Al-Hajri said the company may invest USD618 million around the world this year.
In April, Hussain al-Abdulla, a board member at QIA, said that Qatar, which imports 90 percent of its food, invested USD2 billion in 2011.
The company started wheat and animal feed production in Sudan in 2009, and announced plans to buy Turkish farmland last year.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more