UAE’s Al Dahra to invest $400m in Serbian agriculture




Abu Dhabi-based firm Al Dahra agreed to invest $400m to buy eight Serbian farm companies and develop them to grow and process food and fodder for export, in the biggest investment in Serbian agriculture for decades, Reuters reported.

The agreement between Belgrade and Al Dahra on Thursday came a day after the United Arab Emirate’s Development Fund approved a separate $400m loan for Serbian agriculture, Serbia’s Finance Ministry said.

“With $400m from Abu Dhabi’s Development Fund and $400m from Al Dahra, we have secured a total of $800m for agriculture,” Finance Minister Mladjan Dinkic, Dinkic, on a visit to Abu Dhabi, was quoted as saying by the ministry.

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Serbia is looking to potential investors such as Russia, China and the UAE, while its traditional trading partners in the euro zone struggle with a debt crisis.

 







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