|Hot dry climate drives UAE investment in farmland overseas|
Another country that is concerned about food security is the UAE in the Persian Gulf. The amount of food consumed in the UAE is going up at a rate of 12 to 14 per cent per year, amidst rise in demand for food staples by around 30 per cent. This makes UAE government officials extremely nervous. The UAE is of course wealthy from its' oil reserves, but its extremely hot and dry climate is not conducive to agriculture. Hence, 80% of its' food is imported, which can put them at the mercy of geo-political events globally. Just as an example, the UAE recently purchased 1.5 million acres of farmland in Africa in Ethiopia and Sudan and also in Eastern Europe to grow food for importation back to the UAE.
Needless to say, when huge amounts of money from countries like China and the UAE are going into purchasing agricultural land overseas, this will naturally push up the prices of farmland. This makes GreenWorld's farmland investment in Africa and farmland investment in Europe in Lithuania a great way to allow an individual investor an opportunity to benefit from this global trend.
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