ERJ staff report (DS)
Singapore – Singapore-based plantation company Olam International Ltd, is to develop up to 50,000 hectares of land in Gabon for rubber plantations. The first-phase investment is $183 million.
The development will be carried out through an 80-20 joint venture with the Government of the Republic of Gabon, in which Olam takes the majority stake. Phase 1 involves 28,000 ha of land.
Based on the progress in Phase I, the JV plans to develop an additional 22,000 hectares in Phase II taking the total plantings…