Sheik buys Europe's largest arable farm

The Romanian arable farm Agricost, which cultivates more than 57.000 hectares of land, has been sold to Al Dahra from the United Arab Emirates. The transaction is said to be worth more than €200 million.

The Romanian company, including land, is 60 kilometers long and 11 kilometers wide. The company is bought by a company that is even bigger. Al Dahra exploits 81.000 hectares and is expected to use 138.000 hectares of agricultural land, including the Romanian land.

Al Dahra has annual sales of $1 billion and has operations in 20 countries. The company is part of Al Ain Holding, founded by Sheikh Hamdan Bin Zayed Al Nahyan.

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The Arab company's activities include the production and trade of grain, rice, flour, vegetables and fruit. So is the company's largest grain storage facility in the Middle East.

Earlier on it became known that investors from all over the world were interested in the Romanian company. 

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.

aj.doorn@boerenbusiness. Nl

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