03 June 2012
DOHA - Qatar Investment Authority (QIA) said it will start exports of grains and wool from Australia as it nears completion of a $486 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.
Hassad Chairman Nasser Al-Hajri said the company may invest $618 million around the world this year. In April, Hussain Al-Abdulla, a board member at QIA, said Qatar invested $2 billion in 2011.
DOHA - Qatar Investment Authority (QIA) said it will start exports of grains and wool from Australia as it nears completion of a $486 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.
Hassad Chairman Nasser Al-Hajri said the company may invest $618 million around the world this year. In April, Hussain Al-Abdulla, a board member at QIA, said Qatar invested $2 billion in 2011.
© The Saudi Gazette 2012
