Deal #509

Location #1

Spatial accuracy level
Administrative region
Location
Suphanburi, Thailand

Target country
Thailand
Comment on location
The lands toured by the investors are reportedly owned by the Chat Thai party’s secretary general in Suphanburi province

Intention of investment

Intention of investment
Food crops

Nature of the deal

Comment on nature of the deal
Intended for land lease and establishing joint rice export ventures with local counterparts

Negotiation status

Negotiation status
[2008-05-01] Intended (Expression of interest)

Operating company

Name of investment project
Ruam Jai Chao Na

 

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Data source #1

Data source type
Media report
File
Date
2008-10-01

Data source #2

Data source type
Media report
File
Date
2008-05-23

How did the community react?

Comment on community reaction
The Thai Farmers Association and the Minister of Agriculture both criticised the proposed deal with Saudi Arabia Investors as a sell out, and the ensuing public debate brought to light the fact that Taiwanese and US investors have already bought land in Thailand to grow crops for export abroad.

Overall comment

Overall comment
a delegation of Saudi businessmen visiting Suphanburi province to explore possibilities of leasing land for their own rice production, as well as establishing joint rice export ventures with local counterparts, to supply the Saudi market, was proposed a joint farming project with Thai farmers, renting farmland and a joint rice export venture. A private company called Ruam Jai Chao Na (Uniting Farmers) had already been set up, which should also accommodate the Saudi rice farming venture.

Feb. 16, 2020, 10:38 a.m.

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Sept. 29, 2015, 12:02 a.m.

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May 16, 2013, 5:11 p.m.

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May 13, 2013, 1:39 a.m.

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Feb. 15, 2013, 5 p.m.

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