Al Dahra plans to acquire 20,000 hectares of land in Serbia

Al Dahra plans to allocate millions of dollars this year to improve food safety while in the company wants to buy as many as 20,000 hectares of arable land.

The Arabs plan to spend about 130 million this year to buy arable land around the world and invest in projects that ensure greater food safety, according to Al Dahra’s Managing Director Khadim Al Darei.

Al Dahra is a company specialized in the growing, production and marketing of food products. It is well known to the Serbian public, and according to the manager, plans to extend the long-term partnership with this country.

As he said, the company already has 1,000 hectares of land in Serbia and plans to buy more, as the goal is 20,000 hectares.

“We will allocate nearly USD 130 million to lease and acquire ownership of land,” Al Darei said at the World Forum for Innovations in Agriculture, that gathered over 300 companies from all over the world.

Al Darei added that the company is making good progress in Egypt, where it owns more than 54,000 hectares. In addition to Egypt and Serbia, the company has 4,000 hectares in the United States and Spain each, and about 2,000 in Australia.

(B92, 20.03.2017)

http://www.b92.net/eng/news/business.php?yyyy=2017&mm=03&dd=20&nav_id=100810

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society.Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it.This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions.If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

scroll to top
More in agriculture, Al Dahra, food safety
150 offers for lease of state-owned farmland

Nedimovic: Limitations to the liberalization of the arable land market

Close