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Kuwait Firm Eyes Farmland in Asia

KUWAIT TIMES - A Kuwaiti investment firm, affiliated to the state's sovereign wealth fund, has approached governments in Southeast Asian countries to invest in underdeveloped farmland, its chief financial officer said. Kuwait China Investment Co's (KCIC), an asset management firm, had a long-term strategy to invest in the agricultural sector, but no deals were imminent, Faisal Nawaz said. "There is a lot of farmland in Far East Asia that is either undeveloped or underdeveloped," Nawaz said in an interview late on Tuesday. "Our proposition to the governments is that we can help them develop the infrastructure and develop the farmland and we will then take a share of the produce. Read More