Hassad Food of Qatar May Invest $625 Million This Year

Hassad Food Co., the agricultural investment arm of Qatar’s sovereign wealth fund, may invest 500 million euros ($625 million) this year to increase food supplies for the desert emirate, the company’s chairman said.

“Buying agricultural land isn’t a goal for the company,” Nasser al-Hajri said in an interview in the Qatari capital Doha. “The goal is to produce and improve the production from different parts of the world.”