Key partner in UAE's food security strategy looks to Latin America - The National

Key partner in UAE's food security strategy looks to Latin America - The National:

"Al Dahra Agriculture, a private-sector partner of the UAE Government in securing key food staples, is targeting investments in coffee and sugar plantations in Latin America, said the company's vice chairman.

It follows the company buying stakes in recent weeks in Kohinoor Foods, one of India's biggest basmati rice producers, and Loulis Mills, the largest flour producer in Greece.

"We need to be in Latin America," said Khadim Al Darei, the vice chairman of Al Dahra. "We have trading there but need investment. We are looking at three countries: Brazil; Colombia; and Chile. We are thinking about coffee, this is a strategic item the UAE needs, and maybe sugar cane as we're building a sugar refinery in the UAE.""

'via Blog this'