Assessment of the Gulf Cooperative Council (GCC) Countries' Direct Agricultural Investment in North and East Africa

Abstract

This literature review examines the agricultural investment strategies of Gulf Cooperation Council (GCC) countries in North and East Africa, focusing on their implications for food security and economic development in the region. The GCC’s pursuit of agricultural investments is driven by the need to secure a stable food supply and diversify economies heavily reliant on oil revenues. This review synthesizes current research, examining motivations, outcomes, and challenges associated with these investments. It employs a systematic methodology, including a thorough search for relevant literature, data extraction, critical appraisal, and analysis, drawing from methodologies used by scholars such as Woertz et al. (2008) and Alnafissa et al. (2022). The findings reveal that while these investments have the potential to contribute to food security and economic growth, they also pose risks and raise sustainability concerns. The review identifies gaps in the literature, particularly in comprehensive risk analysis, innovative financing mechanisms, and the role of technology in sustainable agriculture. It concludes with recommendations for investors and policymakers to conduct risk assessments, explore various financing models, and leverage technology effectively. The study’s significance lies in guiding informed decision-making and strategic planning for agricultural investments. Future research avenues include detailed risk analyses, case studies on financing models, and the impact of emerging technologies on agricultural finance.