Sand heavier than soil: UAE venture on agricultural land in Serbia
- EWB
- 29 October 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.
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.
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).
The government said it wants to protect local farmers and prevent foreigners from taking over natural resources.
German meat company Tönnies has applied to the Serbian authorities to secure more than 100 hectares of available land in five municipalities to set up pig farms.
Al Dahra plans to allocate millions of dollars this year to improve food safety. In Serbia alone they want to buy as many as 20,000 hectares of land.
Iran has launched agricultural cultivation in Kazakhstan, marking its first farmland investment overseas as the Middle Eastern country seeks to secure food supplies amid a lingering drought.
The law also intends to allow major investors to lease up to 30 percent of the state-owned farmland.
Germany’s largest meat producer Clemens Toennies will finalise a deal for a pig farm with 1,500,000 animal units on 15,000 hectares of land in Serbia.
Farmers are outraged at the Ministry of Agriculture, which leased more than 3,000 ha of the best arable land to the company “Al Rafaved” from the United Arab Emirates for 250 euros per hectare.
Farmers in Kula, Serbia have made formal complaints about an Abu Dhabi company, Al Rawafed Agriculture, which is trying to acquire land.
The first venture of the company will be a EUR 22 million purchase of part of the property of two agricultural enterprises in restructuring - AD Bačka, based in Sivac, and Adria AD, based in Nova Gajdobra.
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