Arab Today, arab today queensland investment corporation inks deal to buy 80 percent stake in australias oldest agricultural enterprise
Last Updated : GMT 02:30:09
Arab Today, arab today
Arab Today, arab today

Queensland investment corporation inks deal to buy 80 percent stake in Australia's oldest agricultural enterprise

Arab Today, arab today

Arab Today, arab today Queensland investment corporation inks deal to buy 80 percent stake in Australia's oldest agricultural enterprise

The Queensland Investment Corporation
Sydney - XINHUA

The Queensland Investment Corporation (QIC) owned by Australia's Queensland state government will acquire 80 percent stake of one of Australia's oldest and largest agricultural enterprises, the state government announced on Friday.

Queensland state treasurer Curtis Pitt said in a statement on Friday that the investment in North Australian Pastoral Company would help develop northern Australia.

"Agriculture is a critical part of the Queensland economy and there's the potential for it to grow significantly to meet rising Asian demand," Pitt said.

"An investor like QIC always looks decades ahead, not months, and can see that Queensland is perfectly positioned to produce the clean, healthy food the new Asian middle class will demand."

QIC chief executive Damien Frawley said the company was very proud to lead investment in Australian agriculture and to be investing Australian superannuation assets into the beef industry.

"This landmark deal was made possible by our unique government heritage, and it captures the benefit of our networks of institutional investors and connections to Asian corporate relationships," Frawley said.

"It's a natural evolution for our 25 year-old investment platform."

The deal was not required to go before the Foreign Investment Review Board because of the small level of direct foreign investment.

North Australian Pastoral Company is one of Australia's oldest and largest agricultural enterprises.

It covers 5.8 million hectares of land across Queensland state and the Northern Territory, and has approximately 178,000 heads of cattle.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today queensland investment corporation inks deal to buy 80 percent stake in australias oldest agricultural enterprise Arab Today, arab today queensland investment corporation inks deal to buy 80 percent stake in australias oldest agricultural enterprise

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday