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UAE to lease Ukraine lands, for food security
MENAFN - 18/11/2009
(MENAFN) UAE is seeking to lease farmlands in Ukraine, and sent a delegation to meet with the country's
President, Viktor Yushchenko, in order to tap opportunities of investing in the agriculture sector, Gulf Daily News
reported.
The GCC countries are reliant on food imports, and have been increasing efforts over the last year to buy or lease
lands in some developing nations in order to secure food supplies.
Yushchenko said that nearly 40 percent of the world's fertile black soil areas are in Ukraine, and foreign
investment is needed to develop the sector.
Ukraine's Agriculture Minister, Yuri Melnyk, said that they will offer the UAE all kinds of projects such as leasing of
100,000 hectares of land to the creation of animal farms with 3000 cows. The UAE delegation would be shown
opportunities for growing crops such as wheat, barley, maize and sunflower oil, he added.
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