Deal #6020

Romania
Created at
2018-05-11
Last update
2023-03-14
Last full update
2023-03-14

Land area

Size under contract (leased or purchased area)
  • [2018, current] 56000 ha

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Lands are leased by 2032

Negotiation status

Negotiation status
  • [2018-02] Intended (Expression of interest)
  • [2018-06, current] Concluded (Contract signed)
Comment on negotiation status
Word of this deal comes only months after Al Dahra and the Saudi Agriculture and Livestock Investment Company (SALIC) announced the launch of a US$1.3 billion joint venture agreement for the development of farmland across 10 countries in the Black Sea region. The 50-50 venture was launched with the intent of securing reliable sources of grain for Saudi Arabia, which in 2016 halted all domestic wheat production.

Implementation status

Implementation status
  • [2018, current] In operation (production)