ABU Dhabi-based Al Dahra Agricultural Co. has reached a preliminary deal with the government in Belgrade to invest EUR300 million (USD406.6 million) to produce and export food products from Serbia. The two sides agreed on 1 February to ink a formal contract in March, based on a bilateral UAE-Serbia cooperation agreement that will be signed this month.
“We are talking about EUR300 million initially, but this investment will grow. We will start with investments in logistics, production and the company,” said Al Dahra representative Hadim Abdul Adarei during his visit to Belgrade.
Source agra-net.com
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