Romania: media, Al Dahra invests another USD 500 million
UAE company wants to buy more agricultural land
25 September, 21:26According to Romanian media, Al Dahra wants to increase the grain and compound feed production by 2022, to create a grain collection center and acquire an operating point at Constanta port to facilitate grain exports and fertilizer imports.
Moreover, Al Dahra will modernise the facilities in the port of Braila for increased cargo and vessel traffic, Business Review added.
Al Dahra is one of the biggest agribusiness companies in the world and it operates in over 20 countries.
The Al Dahra investment plan in Romania will be "implemented in several phases in the coming years and will support the Abu Dhabi Government's strategy of securing long-term food needs," Business Review said.
Recently, Al Dahra has acquired one of the biggest agriculture and food producers in neighboring Serbia, the company PKB. (ANSA).