UAE's Al Dahra to invest further $500 mln in Romania | Reuters:
Abu Dhabi-based Al Dahra Holding said on Monday it will invest a further $500 million in various sectors in the Romanian market after acquiring the largest farm producer there.
Al Dahra, which has been expanding aggressively in eastern Europe in the last five years, said it had bought Romania’s Agricost and Braila Island “recently”, but did not disclose a figure for the transactions.
Countries in the Gulf, one of the world’s biggest food importing regions, have stepped up efforts to buy and lease farmland in emerging economies to secure food supplies since 2007-2008, when food prices rose to record levels.
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