Qatar’s $500M food store

John McKillop who heads Hassad Australia, the agricultural company established eight years ago by oil and gas rich Qatar buys farms in Australia to ensure the rich Gulf nation and its 300,000 locals would not run short of food.

Hassad has since spent $500 million quietly buying dozens of sprawling grain and sheep farms in four states, turning the state-owned Qatar Investment Authority into one of the largest foreign investors in Australian agriculture.

Mr. McKillop says Hassad’s main reason for its Australian farm investments — a progression from its initial mission of food ­security — is to make profits for the sovereign Qatar fund.

Source Credit: The Australian Business Review
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