Tuesday, July 21, 2009

Arab states in 'neo-colonial' food grab

Financial Jihad on a global scale. Buying control of international food production is the latest move by Islamic countries to dominate the world. Tying together banking Jihad, legal Jihad, violent terroristic Jihad, demographic Jihad, political Jihad and religious Jihad, Islam has formed a juggernaut of expansion throughout the non-Muslim world with the goal of global domination.


Arab states in 'neo-colonial' food grab

by Staff Writers
Kuwait City (UPI) Jul 16, 2009
A Kuwaiti company partly owned by the emirate's sovereign wealth fund is preparing to join other Gulf states in buying up agricultural land in Asia, part of a global land grab to ensure food security.

Unlike the governments and corporations in the Gulf that have been acquiring vast tracts of arable land, mainly in poor countries of Africa, Asia, Latin America and Eastern Europe, to produce food for their own people, the Kuwait China Investment Co. wants to invest on a purely commercial basis, selling its produce to anyone who can pay for it.

"We think it's an opportune sector that will help Asia effectively become the breadbasket of the world," Ahmad al-Hamad, managing director of KCIC, said this week.

"We think food security, in the long term, is better served by collaborative investment in Asia as opposed to security crops exclusively for one country."
But others see danger ahead. Jacques Diouf, director general of the U.N. Food and Agriculture Organization, has warned that the headlong drive by rich food-importing countries to buy up vast tracts of farmland in the world's poorer states risks "creating a neo-colonial" agricultural system.
The land purchases by the wealthy Gulf states, spearheaded by Saudi Arabia, were triggered by the global food crisis of 2008. High prices led to food riots in several countries and thrust food security to the front of the world's political agenda.

At the Group of Eight summit in L'Aquila, Italy, on July 10, the world's leading industrialized nations launched a $15 billion initiative to help farmers in poor countries boost production over the next three years. That marks a significant shift in how the West plans to tackle world hunger, but it's unlikely to curb land grabs by some of the world's wealthiest states.