Saudi agricultural company buys 200,000 hectares of WA farmland for $60m

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Western Australia's biggest grain farmer has sold 200,000 hectares of land to the Saudi Agricultural and Livestock Investment Company.

Slow process"I think from memory the FIRB application would have gone in late October or early November," he said.

"It's extraordinary — people talk about the need for Australians to have the opportunity to buy assets, but I think what's often forgotten is the Australian vendors. "So these people have, frankly, had their hearts in their mouths for a [months] and I think there's been six or seven extensions to their FIRB approval."The system as it sits at the present time needs a lot of work — I think we've gone backwards in the past six months.""We did get a bit nervous I can tell you, I think there was seven deferrals," he said.

"We could live with the first two but after that as the season went on and seeding is getting closer I was getting a bit concerned. "It got to the point where it felt like, 'hang on what do I do here? Do I pull out and get all the boys back on board and get ready for seeding?'John Nicoletti says it was a relief to finally receive Foreign Investment Review Board approval to sell his 200,000 aggregation of land in WA.

 

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How did that happen

Hey lighten up folks you need space for camel racing

How do we allow this. A country that treats women the way they do should also be boycotted.

ABCRural No doubt all those outraged by this will be immediately moving all their superannuation in international shares back to Australian share so as not to be a hypocrite. I think not.

Try buying property in Saudi .. good luck

Are we ever going to be pissed off about our useless government selling off our agricultural land? Or will we wait until we can't fkn feed ourselves?

ABCRural $60 million, he won the lotto! I'm sure many of you would struggle to knock that back. There is always to sides of the story.

Obviously this Govt has no morals to approve this.

200,000 more hectares of Sharia Law.

Didn't realise we still had parts of the country to sell off

So why isn't this also being 'boycotted' !?🤔

To do what. Like to know.

Are we sovereign country under the liberals?

I wonder would this have been approved if it was down to Jo Public Probably not I think.

WTF?!!! 😡😡

Well, well our illustrious government at work selling off our assets to the Middle East. Where are you stupid media.

Saudi are our allies, aren't they? We sell them arms, they buy our land... Its not China or Russia.

If it was China now all the Libs and Nats will parade non-stop on every media.

Can female employees still drive the tractors?

So female workers will now have to wear a burqa to work? Will there also be stonings and beheadings at the farm?

Has anyone told fraser_anning ?

Well this lot won’t be suing the govt when liveexport is banned. They knew the risk. No farmer with the bum out of their pants in this stinkship operation

fraser_anning OneNationAus So thrilled that we are selling our land to theocratic murderous regimes.

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