Companies / United Arab Emirates
UAE To Invest In Local Agricultural Sector
August 2008 | Industry NewsKazakhstan is set to be the latest recipient of the UAE's push to invest in farmland abroad, as the Gulf state's government has recently announced its plans to invest in agricultural projects in Kazakhstan as a part of its effort to secure its future food supplies. Such investments will come as welcome news to the Kazakhstani government whose development strategy for 2003-2015 aims to diversify the hydrocarbon-driven economy by the time oil output peaks, by facilitating investment in the non-oil economy. Given the country's vast size and agricultural potential, the government is looking to attract more investment into this sector.
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