Deal #360

Pakistan

Created at

2013-02-15

Last update

2021-12-12

Last full update

2021-12-12

Land area

Comment on land area

Planned a total of 400,000 ha in multiple countries wherein Pakistan is included but no specific area mentioned ABU DHABI - Abu Dhabi based Al Qudra Holding is planning to acquire 400,000 hectares of land by the first quarter of next year in the Middle East and North Africa, Eastern Africa and Asia to cultivate wheat, maize, rice and vegetables

Intention of investment

[current] Food crops

Nature of the deal

Comment on nature of the deal

no information on land acquisition available. The company's "usual approach is to operate through long renewable leases (minimum 25 years) as opposed to outright land acquisition" (http://www.mei.edu/content/map/agrarian-mirage-gulf-foreign-direct-investment-pakistan%E2%80%99s-agricultural-sector#_ftnref17 ) Emirates Investment Group (EIG) also put money into farmland in Pakistan when they offered up to a million acres to foreign investors but no further update on the investment. (https://gulfnews.com/business/investing-abroad-to-secure-food-at-home-1.773464)

Negotiation status

[2008, current] Intended (Expression of interest)

Implementation status

Comment on implementation status

it was planned to offer the first products by 2012; current status is unclear