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Al Qudra of U.A.E. plans to buy agricultural land in Vietnam

Submitted by tran on Wed, 2008-08-27 16:52

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYOQt80JMKuM

Al Qudra Holding PJSC plans to buy about 400,000 hectares of land in the Middle East, Africa and the Far East by the first quarter of 2009 to boost its agriculture operations, The National reported.

Al Qudra Agriculture plans to grow corn, wheat and rice as well as raise cattle for local and foreign markets.

The United Arab Emirates-based company was negotiating to buy land in Pakistan, Syria, Vietnam, Thailand, Sudan and India, the newspaper said

For food security? Maybe it's time to buy some agricultural land in Vietnam.

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