Deal #1474

Land area

Intended size

100 000 ha

Size under contract (leased or purchased area)

[2008, current] 25000 ha

Comment on land area

25,000 hectares on lease, investment agreement for 100,000 hectares.

Intention of investment

[current] Food crops, Livestock

Comment on intention of investment

The primary stated objective for land use is agricultural cultivation, livestock farming, and the processing of agricultural products.

Carbon offset project

No

Nature of the deal

Lease

Negotiation status

[2008, current] Concluded (Contract signed)

Comment on negotiation status

Renewable up to 99 years.

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 (from contract and research report).

Contract farming

No

Comment on contract farming

One source states that the land was supposed to be made available to those the project dispossessed.