UAE Plans to Invest US$30M for Rice Production in Angola

Via Angop, a report on a UAE plan to invest US$30M for rice production in Angola:

A business group from the United Arab Emirates (UAE) has said they plan to invest roughly 30 million US dollars for rice and avocados production in Angola.

The intention of the investors was expressed during a meeting Angola’s Minister of Agriculture and Forestry, António Francisco de Assis, held with the UAE businesspeople.

The UAE business people expressed interest in investing in the provinces of Malanje, Bié, Cuando-Cubango, Lunda Norte and Lunda Sul and that it would be necessary for 5000 hectares for rice cultivation and 500 hectares for avocado production.

 The initial investment is expected to generate approximately 300 direct jobs and around a 1000 indirect jobs, and is expected to reach between 40 and 50 million dollars, in the project’s maturity phase.

Angola’s minister has said he assured investors of institutional support from the government for the materialization of the respective projects, adding that the country is making every effort to re-launch rice production and that it needs investors.

The CEO of the Dubai ‘E20 Investment’, Sultan Aljaheri, on his turn, said Angola has all the necessary conditions to implement the rice and avocado production project.

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Seeds Of A Revolution is committed to defining the disruptive geopolitics of the global Farms Race.  Due to the convergence of a growing world population, increased water scarcity, and a decrease in arable land & nutrient-rich soil, a spike of international investment interest in agricultural is inevitable and apt to bring a heretofore domestic industry into a truly global realm.  Whether this transition involves global land leases or acquisitions, the fundamental need for food & the protectionist feelings this need can give rise to is highly likely to cause such transactions to move quickly into the geopolitical realm.  It is this disruptive change, and the potential for a global farms race, that Seeds Of A Revolution tracks, analyzes, and forecasts.

Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has long held a keen interest in natural resource policy and the geopolitical implications of anticipated stresses in the areas of freshwater scarcity, biodiversity reserves & parks, and farm land.  Monty has lived, worked, and traveled in more than forty countries spanning Africa, China, western Europe, the Middle East, South America, and Southeast & Central Asia, and his personal interests comprise economic development, policy, investment, technology, natural resources, and the environment, with a particular focus on globalization’s impact upon these subject areas.  Monty writes about freshwater scarcity issues at and frontier investment markets at