Deal #6815

Serbia
Created at
2019-03-06
Last update
2022-05-17
Last full update
2022-04-28

Land area

Size under contract (leased or purchased area)
  • [2015] 28520 ha
  • [2018, current] 17500 ha
Comment on land area
Al Dahra will cultivate more than 17,500 hectares of agricultural land on 8 farms strategically located near the center of Belgrade.

Intention of investment

Intention of investment
  • [current] Food crops, Livestock
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

Nature of the deal

Nature of the deal
Outright purchase, Lease

Negotiation status

Negotiation status
  • [2018-09, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
The company was operational before investor took over the land

Purchase price

Purchase price
4 700
€
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.