Deal #6815 | Version 77118 | Version 86786 |
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General info | ||
Size under contract (leased or purchased area) |
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Comment on intention of investment | Initially the company was acquired with food crops and livestock activities but after several years of production owners of PKB are gradually shuting down livestock production | |
Negotiation status |
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Comment on implementation status | The company was operational before investor took over the land | |
Purchase price | 4โฏ700 | |
Purchase price currency | Euro (โฌ) | |
Purchase price type | PER_HA | |
Comment on purchase price | According to the documentation obtained by Insider journalists, Al Dahra bought the land for twice less money, ie for 80 million euros. "Al Dahra paid 4,700 euros per hectare for the land," Insider states. | |
Annual leasing fee currency | Euro (โฌ) | |
Employment | ||
Investor info | ||
Local communities / indigenous peoples | ||
Community reaction | Rejection | |
Comment on community reaction | Members of the Association of Pensioners and Former Workers of PKB "Rit", asked for compensation for shares they did not receive due to the change in the status of the operating company. They blocked the central streets of Belgrade several times, demanding a meeting with the President of Serbia, Aleksandar Vuฤiฤ. | |
Negative impacts for local communities | Environmental degradation, Socio-economic | |
Comment on negative impacts for local communities | (1) the cattle are exhausted and in poor health because of intensive milking. (2) due to the reduced number of workers, because they leave due to low salaries of around 40,000 dinars and work of 30 days a month, tractor drivers work 16-18 hours a day. | |
Presence of organizations and actions taken (e.g. farmer organizations, NGOs, etc.) | Members of the Association of Pensioners and Former Workers of PKB "Rit" | |
Former use | ||
Produce info | ||
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.) | In 2018 UAE-based Al Dahra Agricultural Company planned to build an industrial complex of 10 independent biogas plants in Belgrade, the city government had said. The plants would have a capacity of 999 kW each and would be constructed in the Palilula municipality of the city of Belgrade | In 2018 UAE-based Al Dahra Agricultural Company planned to build an industrial complex of 10 independent biogas plants in Belgrade, the city government had said. The plants would have a capacity of 999 kW each and would be constructed in the Palilula municipality of the city of Belgrade. The company also has several livestock complexes (but already terminated cow farm in Padinska Skela, and a year ago the Dunavac farm with at least 1,000 cows each.) alfalfa processing factory |
Water | ||
Use of irrigation infrastructure | Yes | |
Comment on use of irrigation infrastructure | According to the company statements, "we are committed to irrigation and drainage projects..our investment in these systems will amount to more than 75 million euros." A media report claims, that the operating company already has about 70 kilometers of canal irrigation network. | |
Gender-related info | ||
Overall comment | ||
Overall comment | Currently assigned as the largest milk producer in Serbia. The operating company was formerly owned by small shareholders. After the privatization processes, the company was acquired at 65% share by Al Dahra investor, and the shareholders (who were also the workers within the deal) were supposed to receive compensation from the government. According to legislation, after privatization for workers, they were to receive a total of 11.8 million euros in favor of a 15 percent share but obtained only 2 million | |
Meta | ||
Fully updated | No | Yes |
Locations | ||
Data sources | ||
Data source #l1R5sqiX | ||
File | ||
Type | Media report | |
Url | ||
Keep PDF not public | No | |
Date | 2021-09-01 | |
Comment on data source | Investment plan and processing facility | |
Data source #HyjN_fa3 | ||
File | ||
Type | Media report | |
Url | ||
Keep PDF not public | No | |
Publication title | Pensioner and former PKB workers block traffic_ Demands - meeting with the president and for RTS to report on their problem | |
Date | 2020-02-28 | |
Comment on data source | Protests and community reaction | |
Data source #h03vNrGb | ||
File | ||
Type | Media report | |
Url | ||
Keep PDF not public | No | |
Publication title | Arab companies second in number of hectares in Serbia? | |
Date | 2018-10-13 | |
Comment on data source | Irrigation system | |
Contracts |