Companies / United Arab Emirates
Investors Buying Up Pakistani Farms For Food Security
May 2008 | Industry NewsLeading Middle Eastern private equity group, Abraaj Capital, has been purchasing Pakistani farmland as it works with the government of the UAE to increase food security. With global food prices skyrocketing, the UAE, which imports the vast majority of the food it consumes, has been particularly vulnerable to food price inflation, which has led to considerable social unrest. Given its unsuitable climate for agricultural development, the UAE must look abroad if it is to significantly expand its agricultural output. With its vast agricultural potential, but limited financial resources, Pakistan could be the perfect pair for the cash-rich and land-poor
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