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A:
$800m investment in Serbian agriculture secured
Belgrade/Abu Dhabi,
28 March 2013
Minister of Finance and Economy Mladjan Dinkic signed today in Abu Dhabi with representatives of the world's leading agro-industrial company Al Dahra Joint Venture Agreement in Serbian agriculture in the amount of $400 million.
Author:
infobiro.tv
Dinkic said that one-third of the investment will be used to purchase assets of eight failed agricultural combines, while the rest will go into installing irrigation systems, purchasing modern equipment and current assets needed for construction and operation of at least five factories for the production of cattle feed.
With yesterday's $400 million from Abu Dhabi Fund for Development and the $400 million worth of investment from Al Dahra, we have secured a total of $800 million of investment in Serbia's agriculture, said Dinkic.
With the arrival of Al Dahra, we expect agricultural productivity to increase and Serbia to become a major food exporter. We also want to ensure food security of our population, he said.
This agreement is opening up possibilities to increase Serbia's exports and marketing of agricultural products in the foreign markets, as the company plans to employ local agricultural producers as their subcontractors.
Minister Dinkic was received by Sheikh Hamed bin Zayed Al Nahyan, head of the Abu Dhabi Investment Authority (ADIA), one of the biggest investment funds in the world that has about $1.3 trillion in assets.
Dinkic and Sheikh Al Nahyan discussed possible investment by the fund in several major industrial projects in Serbia, for which the Emirates showed serious interest.
Dinkic also met with representatives of the Mubadala Aerospace and the Advanced Technology Investment Company (ATIC), a wholly-owned subsidiary of Mubadala Development Company, for talks on opportunities for partnership with Serbia's company Jat Tehnika.
With yesterday's $400 million from Abu Dhabi Fund for Development and the $400 million worth of investment from Al Dahra, we have secured a total of $800 million of investment in Serbia's agriculture, said Dinkic.
With the arrival of Al Dahra, we expect agricultural productivity to increase and Serbia to become a major food exporter. We also want to ensure food security of our population, he said.
This agreement is opening up possibilities to increase Serbia's exports and marketing of agricultural products in the foreign markets, as the company plans to employ local agricultural producers as their subcontractors.
Minister Dinkic was received by Sheikh Hamed bin Zayed Al Nahyan, head of the Abu Dhabi Investment Authority (ADIA), one of the biggest investment funds in the world that has about $1.3 trillion in assets.
Dinkic and Sheikh Al Nahyan discussed possible investment by the fund in several major industrial projects in Serbia, for which the Emirates showed serious interest.
Dinkic also met with representatives of the Mubadala Aerospace and the Advanced Technology Investment Company (ATIC), a wholly-owned subsidiary of Mubadala Development Company, for talks on opportunities for partnership with Serbia's company Jat Tehnika.
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