Saudi investment firm buys Australian farmland, sheep

Sheep eat the stubble of a failed wheat crop at sunset on a farm near the town of West Wyalong, Australia. (Reuters)
Updated 04 April 2019

Saudi investment firm buys Australian farmland, sheep

  • SALIC CEO Matthew Jansen: It is our first acquisition in Australia as well as our first investment in sheep production
  • Saudi Arabia began scaling back its domestic wheat growing program in 2008, planning to rely completely on imports by 2016 to save water

DUBAI: Saudi Agricultural and Livestock Investment Company (SALIC), an arm of Saudi Arabia’s state-owned Public Investment Fund, said on Thursday it has made its first acquisition in Australia.

SALIC did not give a figure for the purchase of Baladjie Pty Ltd, an aggregation of over 200,000 hectares (494,200 acres) of farmland in Western Australia’s wheatbelt that also carries 40,000 head of Merino sheep.

“It is our first acquisition in Australia as well as our first investment in sheep production,” Matthew Jansen, SALIC CEO said in a statement.

Saudi Arabia began scaling back its domestic wheat growing program in 2008, planning to rely completely on imports by 2016 to save water.

SALIC’s agricultural investments include farmland, grain silos and terminals, as part of Saudi Arabia’s food security drive.


Emirates stops flights to three major Australian cities

Updated 16 January 2021

Emirates stops flights to three major Australian cities

  • Flights to/from Sydney, Brisbane and Melbourne will be suspended until further notice: Emirates
  • The airline will still run two flights a week to Perth

DUBAI: Emirates has suspended flights to Australia's three largest cities as the country further restricts international arrivals over fears of new virus strains.
The Dubai-based carrier was one of the last to maintain routes into and out of the country's east coast throughout most of the pandemic but on Friday evening told travellers a handful of planned flights next week would be the last.
"Due to operational reasons, Emirates flights to/from Sydney, Brisbane and Melbourne will be suspended until further notice," Emirates said on its website.
The airline will still run two flights a week to Perth, but the cuts are another barrier for tens of thousands of stranded Australians still attempting to return home.
The Australian government responded by announcing more repatriation flights and said other carriers still flying services to the cities could fill the gap.
"The capacity that Emirates was able to use within the cap will be allocated to other airlines, ensuring that there are still as many tickets, as many seats available into Australia," Finance Minister Simon Birmingham said.
A small number of airlines - including Qatar Airways and Singapore Airlines - are still running services to Australia but local media were already reporting delays and cancellations among returning travellers.
Australia's borders have effectively been closed since March to curb the spread of the virus, with the government even limiting the number of citizens allowed to return.
Last week travel restrictions were further tightened, with arrival numbers slashed and all travellers into the country requiring a negative Covid-19 test before flying.
In making the changes, Prime Minister Scott Morrison cited a growing number of people in quarantine testing positive for new strains of Covid-19.
Fears that a variant of the virus from Britain, believed to be more contagious, had leaked into Brisbane from hotel quarantine triggered a snap lockdown in the city last week.
"There are many unknowns and uncertainties in relation to the new strain, and so that's why this precautionary approach, we believe, is very sensible," Morrison said.
Australia continues to deal relatively well with the virus, having recorded about 28,600 cases and 909 deaths linked to Covid-19 in a population of 25 million.