Al Dahra to invest $400m in Serbia

BELGRADE - Abu Dhabi-based firm Al Dahra agreed to invest $400 million 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.

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Published: Sat 30 Mar 2013, 10:48 PM

Last updated: Sat 4 Apr 2015, 9:45 AM

The agreement between Belgrade and Al Dahra came a day after the UAE’s Development Fund approved a separate $400 million loan for Serbian agriculture, Serbia’s Finance Ministry said.

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

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