Friday, November 5, 2010
Does this count as land grab?
"Ireland wants to increase Saudi Arabia's investments in farmlands in the European country, its Minister for Enterprise, Trade and Innovation said. The country may also look at establishing joint ventures with Saudi firms to invest in food security overseas. Saudi Arabia, the Middle East's biggest economy, is spending an ever-greater proportion of its petrodollars overseas to secure a supply of food that will help alleviate shortages at home."