The UAE – like other countries in the Arabian Gulf – wants to ramp up overseas food production to tackle resource scarcity at home.
Africa, with 60 per cent of the world’s arable land, represents a huge opportunity.
What is agribusiness?
Agribusiness means farming for commercial purposes, or, the business of agricultural production. Activities include crop production, processing and distribution, sale and distribution of farm machinery, livestock breeding, agrichemicals and related marketing, retail and sales operations.
Why is Africa such a huge opportunity?
The continent has the largest amount of uncultivated land in the world. An estimated 201 million hectares of land is potentially available across sub-Saharan Africa, representing 60 per cent of the world’s total, according to Fischer and Shah figures cited by the World Bank. This abundance of uncultivated land is far higher than the estimated 120 million hectares available in Latin America, in second position. Africa therefore remains the last frontier for crop production – although urban growth is fast sucking up available land. Read more