Wednesday 18 November 2009

UAE to look at farmland deals in Ukraine

A United Arab Emirates delegation plans to visit Ukraine in two weeks' time to look at opportunities to lease farmland for food security, Ukraine President Viktor Yushchenko told Reuters.

Gulf countries, mainly reliant on food imports, have increased efforts over the last year to buy or lease land in developing nations to secure food supplies.

"I have agreed with the President of the UAE that an official delegation will be coming to Ukraine in two weeks' time to look at opportunities of investing in the agriculture sector," Viktor Yushchenko told Reuters during a visit to UAE capital Abu Dhabi this week.

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