Deal #5383

Location #1

Spatial accuracy level
Administrative region
Location
Crvenka, Serbia

Target country
Serbia

Location #2

Spatial accuracy level
Administrative region
Location
Sivac, Serbia

Target country
Serbia

Location #3

Spatial accuracy level
Administrative region
Location
Obrovac, Serbia

Target country
Serbia

Location #4

Spatial accuracy level
Administrative region
Location
Nova Gajdobra, Serbia

Target country
Serbia

Location #5

Spatial accuracy level
Administrative region
Location
Kruscic, Serbia

Target country
Serbia

Location #6

Spatial accuracy level
Administrative region
Location
Lipar, Serbia

Target country
Serbia

Location #7

Spatial accuracy level
Approximate location
Location
Караджорджево, Сербія

Target country
Serbia
Comment on location
3,500 hectares of arable land in the Karadjordjevo Military Establishment. Under the media information, there is question about paying compensation to the landowner at the Morović Military Institution.

Location #8

Spatial accuracy level
Approximate location
Location
Sonta, Serbia

Location description
Project location
Comment on location
link - http://alrawafed-serbia.com/en/about-us/investment/

Land area

Size under contract (leased or purchased area, in ha)
[2014] 10470
Comment on land area
From Serbian researcher we know that total size is 8500 ha. State owned - 3500 ha.

Intention of investment

Intention of investment
Food crops, Non-food agricultural commodities

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Of this, 2,586 hectares is their own land, and the rest is farmed under the contract on the business-technical cooperation and the lease contract

Negotiation status

Negotiation status
[2014] Concluded (Contract signed)
[2019] Change of ownership

Implementation status

Implementation status
In operation (production)

Purchase price

Purchase price
250
Purchase price currency
Euro (€)
Purchase price area type
per ha

Operating company

Operating company
Comment on investment chain
AL Rawafed Serbia Ltd was established on 2014-08-28. Identification number - 21041122. Al Rawafed Serbia LLC is a Company established by a joint venture between Al Rawafed International Investments (Parent company > AL Rawafed Holding LLC >> Optim United Investment and Optim Investments Group )from the United Arab Emirates and the Republic of Serbia represented by the Government of the Republic of Serbia. In March 2019 Elite Agro LLC took over the Al Rawafed Holding, thus indirectly taking over Al Rawafed Serbia as well.

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2016-06-01

Data source #2

Data source type
Media report
File
Date
2014-06-28
Comment on data source
Size of contract

Data source #3

Data source type
Media report
File
Date
2014-06-20
Comment on data source
Duration of agreement

Data source #4

Data source type
Media report
File
Comment on data source
About locations

Data source #5

Data source type
Media report
File
Comment on data source
Locations

Data source #6

Data source type
Media report
File
Comment on data source
Locations

Data source #7

Data source type
Media report
File

Data source #8

Data source type
Media report
File
Date
2017-04-19

Data source #9

Data source type
Government sources
File
Date
2019-03-05

Data source #10

Data source type
Media report
Date
2019-04-14

Data source #11

Data source type
Company sources
File
Publication title
Memorandum of association
Date
2014-08-20
Comment on data source
Memorandum of association signed between the Republic of Serbia and AL Rawafed.

Data source #12

Data source type
Government sources
File
Publication title
Business Registers Agency
Date
2020

Data source #13

Data source type
Company sources
File
Date
2020

Data source #14

Data source type
Company sources
File
Publication title
Investment
Date
2020

Data source #15

Data source type
Government sources
File
Date
2019-03-05

Consultation of local community

Community consultation
Not consulted

How did the community react?

Community reaction
Rejection
Comment on community reaction
Protests local farmers.

Promised benefits for local communities

Promised benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Comment on promised benefits for local communities
AL Rawafed Serbia plans to invest EUR 22.8 million in irrigation infrastructure, in the construction of new and renewal of existing systems (pumping stations, canals, pipelines, linears and pivots)

Former land owner (not by constitution)

Former land owner
State
Private (smallholders)
Private (large-scale farm)
Comment on former land owner
3500 ha state-owned.

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Alfalfa, Corn (Maize), Soya Beans, Wheat

Feb. 21, 2020, 4:35 p.m.

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May 29, 2019, 3:38 p.m.

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May 29, 2019, 3:01 p.m.

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Dec. 27, 2017, 12:16 p.m.

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Dec. 22, 2017, 3:11 p.m.

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Dec. 22, 2017, 10:32 a.m.

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Nov. 14, 2017, 2:49 p.m.

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June 16, 2017, 2:08 p.m.

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March 2, 2017, 5:49 p.m.

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March 2, 2017, 4:27 p.m.

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Jan. 17, 2017, 1:16 p.m.

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