December 6, 2013
The government of Western Australia and Kimberly Agricultural Investment (KAI) have signed an agreement stipulating that over the next four years KAI will invest $200 million to create new agricultural land in the Goomig and Knox Plain areas of the Ord Valley. The long term plan is for the company to create a large scale sugar industry in the region. The agreement grants KAI a long term lease on 7,000 hectares on which to plant sugar cane. Through the agreement, KAI has tenure over the clearing of the land which it plans to have approximately 75% cleared in 2014.
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