InvestorsHub Logo
Followers 1
Posts 268
Boards Moderated 0
Alias Born 02/09/2011

Re: outofplano post# 4801

Thursday, 03/24/2011 12:12:13 PM

Thursday, March 24, 2011 12:12:13 PM

Post# of 12338
What is Happening in Ethiopia ... this Month alone ..

Mar 16 - 2011

Ethiopia is one of the hungriest countries in the world with 2.8 million people needing food aid, but paradoxically the government is offering at least 3m hectares of its most fertile land to rich countries and some of the world's most wealthy individuals to export food for their own populations.
The 1,000 hectares of land which contain the Awassa greenhouses are leased for 99 years to a Saudi billionaire businessman, Ethiopian-born Sheikh Mohammed al-Amoudi, one of the 50 richest men in the world. His Saudi Star company plans to spend up to $2bn acquiring and developing 500,000 hectares of land in Ethiopia in the next few years. So far, it has bought four farms and is already growing wheat, rice, vegetables and flowers for the Saudi market. It expects eventually to employ more than 10,000 people.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.