UAE-based Al Dahra group has announced that following its recent acquisition of Braila Island, the largest consolidated farm in Europe, the company is planning to invest an additional $500 million in Romania over the coming five years, in various sectors.
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, remarked its co-founder Khadim Al Darei.
Darei, said: "Following the addition of Braila Island to our global portfolio of farming projects, Al Dahra’s investment plans expand beyond farming to include investments in different value-added services. Such investments will benefit Romanian farmers, will create new job opportunities for Romanian citizens and will improve the reach of Romanian-grown products to international markets by leveraging Al Dahra’s network, hence boosting the domestic farming and logistics sectors."
"Most importantly, investments will, in turn, contribute to achieving long-term food security for Romania, creating a win-win scenario for all parties," he noted.
Further, it will establish a specialized fertilizer company, in charge of importing fertilizers into Romania and trading in neighboring markets with an expected volume of 350 thousand metric tons annually, he added.
Al Dahra said it plans to undertake the upgrading of the harbor loading facilities at Braila Island to allow increased capacity for goods and vessels traffic. It is also part of Al Dahra’s plan to make investments in the livestock sector, by establishing a barn with the capacity to accommodate a herd of 150 thousand heads of various livestock species, it stated.
