Kuwait rents rice farms in Cambodia
Kuwait City, August 5, 2008
Kuwait has leased rice fields in Cambodia and plans to import food from the Asian country, a government official said.
Soaring food prices are a key driver of inflation in the desert state, hitting 11 percent in April and May. Kuwait imports most of its food and has said it wants to invest in chicken and other farms as part of a national food plan.
Daily Awan quoted Foreign Minister Undersecetary Khaled Al-Jarallah, who is with Prime Minister Sheikh Nasser Al-Mohammad Al-Sabah on an Asian tour, as saying the rice fields would meet the country's food demand.
"Kuwait has rented many rice fields which will secure the country's needs, and will export the surplus to the international markets," the paper quoted Al-Jarallah as saying.
Kuwait has also discussed investments in the oil, industrial and tourism sectors, he told the paper.
Kuwait is interested in investing in the agricultural sector in Cambodia and boosting trade in food products, state news agency Kuna said late on Tuesday after a meeting between Finance Minister Mustapha Al-Shamali and Cambodian officials.
In June, Commerce and Industry Minister Ahmad Baqer told parliament the world's seventh-largest oil exporter could work with fellow Gulf Arab states to invest in food production and farming to secure food supplies.
The Saudi government is negotiating on behalf of Saudi investors to set up projects in Sudan, Egypt, Ukraine, Pakistan and Turkey for wheat, barley, soybeans, rice and animal fodder. - Reuters
More Miscellaneous Stories
- Death penalty sought for Bahrain terrorists
- Girl, 9, dies after fall from 8th floor in Abu Dhabi
- Lebanese café brand opens Dubai outlet
- Bahrain poultry firm told to step up safety
- Customer dies in Bahrain cafe brawl
- Bahraini boys hurt while planting bombs
- Philips, Ericsson launch LED street lighting
- DuBiotech to set up first Halal safety lab
- Jotun to supply coatings for Makkah Station
- Raytheon wins $655m Kuwait Patriot deal
- Alwaleed Foundation lights up 3 Saudi villages
- Poultry farms strike may trigger shortages in Bahrain
- Oman seals Victoria food security pact
- Saudi woman, 80, donates $133m to charity
- New Saudi clamp on energy drinks
- Outrage follows Bahrain killer bomb
- Improvised explosive device used in Bahrain attack
- 3 policemen killed in Bahrain blast
- Dammam-Al Ahsa train service starts
- Egypt wheat supplies enough to last until June
- Expat killed at Saudi workers' holding facility
- 80 global speakers for Doha summit on family
- Restaurant runs up $47,555 phone bill in 4 days
- NZ minister to visit Gulf states
- Public-private tie-ups ‘vital for agri growth’
- China firm wins solar power project in Amman
- 15,000 attend Bahrain garden show
- Omani firms shine at top food expo
- Bahrain to set up national food company
- Dozens hurt in gas leak at plant near Doha