Abu Dhabi-based firm Al Dahra agreed to invest $400m 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.
The agreement between Belgrade and Al Dahra on Thursday came a day after the UAE's Development Fund approved a separate $400m loan for Serbian agriculture, Serbia's Finance Ministry said.
"With $400m from Abu Dhabi's Development Fund ... and $400m from Al Dahra, we have secured a total of $800m for agriculture," Finance Minister Mladjan Dinkic, Dinkic, on a visit to Abu Dhabi, was quoted as saying by the ministry.
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