Monday , October 22 2018

UAE’s Al Dahra to invest $500 million in Romania

ABU DHABI / WAM

Al Dahra has announced that following its acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company plans on investing an additional $500 million in Romania over the coming five years, in various sectors. This announcement coincides with a visit to Romania by a delegation comprising the executive leadership team from Al Dahra. During the visit, several meetings and discussions with high ranking officials in the country were held.
Regarding farming investments, Al Dahra will look at acquiring additional farming land in Romania and will invest in modernising the existing portfolio of agricultural machinery and technology. The target is to reach a combined annual production of one million metric tons of Grains and Combined Feed, by the year 2022. In parallel, a grains collection hub with silos will be established, with the capacity to handle two million metric tons of different grain varieties, produced by both Al Dahra and non-Al Dahra Romanian farms. The grains hub will facilitate strategic inventory creation, stock rotation and international trading. Furthermore, and to facilitate the processing and distribution of the forage yield, five fodder dehydration and pelleting plants will be established.
From a logistics and supply chain investments standpoint, Al Dahra plans on acquiring a logistics operator at Constanta Port to facilitate the export of grains, and the import of fertilisers. Further, it will establish a specialised fertiliser company, in charge of importing fertilisers into Romania and trading in neighbouring markets with an expected volume of 350 thousand metric tons annually.

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