Trading Room home page

Chinese win bid for Ord River land in WA

Market watch top headlines

World reports

Stocks to watch

API, DSH, FLT, NAB, STO, WPL,

AAP

November 20 2012, 1:11PM

Zhongfu's wholly-owned Australian subsidiary, Kimberley Agricultural Investment, will develop at least 13,400ha of the land, spending $700 million over six years.

Another 1700ha will be available for other crop producers to develop 25 new locally-run farms that will be agriculturally diverse.