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Deal #1474 Version #53872

Mali
Created at
2013-02-15
Last update
2020-03-12
Last full update
2024-05-03

Land area

Intended size
100 000 ha
Size under contract (leased or purchased area)
  • [2008, current] 25000.0 ha
Comment on land area
25000ha on lease, investment agreement for 100,000ha

Intention of investment

Intention of investment
  • [current] Food crops, Livestock
Comment on intention of investment
The stated principle objective for use of the land is to be agriculture, herding and the transformation of agricultural products.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
renewable up to 99 years

Implementation status

Implementation status
  • Startup phase (no production)
  • [current] Project abandoned
Comment on implementation status
Construction of irrigation channel and asphalt road. Implementation status unsure after fall of Libyan government under Khadafi. Mali's government is unsure what will happen with the deal since the collapse of Libya's government. The future of the project is unclear. One source states that after the civil war started in February 2011 and the coalition forces winning a few months later, the project stopped. One source states that the company has begun working with Spanish partners. Communities are calling for the land and facilities to be made available to them (July 2019).

Leasing fees

Annual leasing fee
0
Comment on leasing fee
Land is free- on the condition that Libya build canals and roads to cultivate rice and cattle there.

Contract farming

Contract farming
No
Comment on contract farming
One source states that the land was supposed to be made available to those the project dispossessed.