Dubai Billionaire Expands in Algeria in Push for Food Security

Updated on
  • $40 million grain silo in Algeria set to open later this year
  • Grain stockpiles enough to meet U.A.E. demand for 3 months

Al Ghurair Resources LLC, the agricultural commodities trader owned by the richest man in the United Arab Emirates, will add another grain silo in Algeria to its holdings by the end of this year as part of a strategy to secure food supplies for growing populations from the Middle East to Asia.

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