UAE's Al Dahra signs crop deal with Bulgaria-based AJD Agro
- Reuters
- 21 April 2020
Abu Dhabi-based agriculture firm Al Dahra Holding has signed a crop supply deal with Bulgarian agribusiness group AJD Agro Ltd,
Abu Dhabi-based agriculture firm Al Dahra Holding has signed a crop supply deal with Bulgarian agribusiness group AJD Agro Ltd,
Deux filiales de l'émirati Al Dahra Holding bénéficieront d'un prêt de 5 millions d'euros de La Banque européenne pour la reconstruction et le développement pour faire de l'huile d'olive pour l'exportation (1 214 ha)
Serbia has neither clear rules of the game nor a development strategy for the agricultural sector, which is why the government confuses itself with Gulf State investors in secret meetings and makes real deals under the grain.
Gulf agribusiness companies found their panacea in Egypt, which is prioritizing investment in large-scale, modernized farming to export crops over pursuing strategic crop cultivation and traditional farming methods in the Nile Valley and Delta.
MOUs signed by UAE government include a 2,500 ha SEZ zone with Uganda for large-scale agricultural development and another with Al Dahra Holding for collaboration on the implementation of the National Strategy for Future Food Security.
Serbian farmlands that were recently cultivated, used and improved by 80 farming families are now being leased to UAE-based companies.
The 2,500 hectare free zone will allow private companies from the UAE to invest in agricultural production and development in Uganda.
Abu Dhabi-based Al Dahra Holding said on Monday it will invest a further $500m in various sectors in the Romanian market after acquiring the largest farm producer there.
Investment Fund Al Dahra Holding took over Agricola Braila, the largest agricultural producer in Romania, in a deal estimated at over EUR 230 million euros and involving some 57,000 ha.
Abu Dhabi-based Al Dahra Group is close to a 200 million Euro deal (US$245 million) to acquire Agricost Braila, the largest farm in Europe.
Saudi Agriculture and Livestock Investment Company has joined the UAE's Al Dahra in a US$1.3bn joint venture to make agribusiness acquisitions in 10 countries in the Black Sea region, including the acquisition of farmland.
The Sudanese President Omer al-Bashir Tuesday has issued a presidential decree to allocate 2,4 million feddans of land in the River Nile State for a national agricultural scheme, backed by the UAE's Al Dahra Agricultural Holding