Sand heavier than soil: UAE venture on agricultural land in Serbia
- EWB
- 29 Oct 2018
Serbian farmlands that were recently cultivated, used and improved by 80 farming families are now being leased to UAE-based companies.
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.
Sokotra Capital, a Dubai firm set up by former UBS Group AG banker Albert Momdjian, led a consortium of investors in acquiring fish-farm L’Aquaculture Tunisienne for an undisclosed amount.
Abraaj Capital, the PE firm that was very active in the rush to buy global farmland after the food financial crises of 2008, has collapsed and is under investigation for “mismanagement, comingling of funds and misappropriation of assets"
Un protocole d'entente signé avec Mountain Blue Orchards (Australie) et Driscoll's créé une nouvelle opportunité pour Elite Agro de cultiver des baies toute l'année en Serbie et en Mauritanie pour les marchés du CCG (Bahrain, Kuwait, Oman, Qatar, Arabie Saoudite, Emirats Arabes Unis).
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.
“I’ve got strong interest from Canada, the United Kingdom and Dubai and they want to come out now and have a look around," says the owner of the largest semi-contiguous cropping aggregation to be offered in Australia’s history.
Once one of Florida's iconic ranching dynasties has sold the balance of its Osceola County land holdings to a global agribusiness firm Optimum Agriculture and the government of Dubai for $136.5 million.
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.
Abu Dhabi-based Jenaan Investment has a new joint venture with the government of Sudan to farm 10,000 ha there to produce fodder for livestock in the UAE.
Undersecretary of the Ministry of Economy says that investments in the fields of agriculture and food industries are among the prominent sectors that attract UAE investments abroad as the country currently imports about 80 per cent of its food needs.
A group of companies controlled by one of Dubai’s richest families has signed a deal for a $1 billion dollar investment in a 77,000 sugar beet and grains farms in Minya, Egypt.