Hassad Food Co, the agricultural investment arm of Qatar’s sovereign wealth fund, may invest 500m euros ($625m) this year to increase food supplies for the desert emirate, the company’s chairman said. “Buying agricultural land isn’t a goal for the company,” Nasser al-Hajri said in an interview in the Qatari capital Doha. “The goal is to produce and improve the production from different parts of the world.” Qatar imports 90 percent of its food and established Hassad to secure supplies. The company invested $2bn last year, Hussain al-Abdulla, a board member at the Qatar Investment Authority, the sovereign fund, said in April. The company announced plans to buy Turkish farmland last year. The state-run Qatar News Agency reported in 2010 that Hassad intended to acquire a Brazilian sugar mill. Hassad is inviting companies to bid for a QR300m ($82m) project to build three food stores in the country, al-Hajri said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor