Qatar’s Farm Fund to Target Grain, Wool Exports From Australia
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Qatar’s sovereign wealth fund, with an estimated $100 billion in assets, expects to start exports of grains and wool from Australia as it nears completion of a A$500 million ($486 million) farm investment plan.
Hassad Food Co., the agricultural investment arm of the Qatar Investment Authority, is shifting its focus to commercial production from food security and is unlikely to buy new properties when it reaches its purchase goal within a year, said Tom McKeon, chief executive officer of Hassad Australia.