AGRICULTUREBUSINESSCOMPANIES

Romania’s largest agricultural producer, coveted by Al Dahra

By Anca Bernovici
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Agricost Braila, Romania’s largest agricultural producer, is almost to be bought by Abu Dhabi-based Al Dahra group, owned by Sheikh Mohammed bin Zayed Al Nahyan. According to market sources quoted by zf.ro, the transaction value would be over EUR 200 million.

Agricost operates about 56,000 hectares of land in the Big Island of Braila and is also the largest beneficiary of the subsidies granted by the Payments and Intervention Agency for Agriculture (APIA), getting almost EUR 12 million in 2016.

Thus, the chief executive government officer of Al Dahra Holding, Sulaiman Al Nuamei, confirmed on Monday that the Arab Investment Fund he represents wants to expand this year on the agricultural market in Romania and Serbia with the intention of cultivating 30,000 hectares in Romania and another 20,000 hectares in Serbia.

Recently, Al Dahra has acquired a feed production company in Australia as it is seeking to expand in this sector.

Al Dahra aims at achieving an annual growth rate of 30 percent by expanding, increasing exports, and introducing new products.

The company owns or operates approximately 81,000 hectares of cultivation worldwide, and the acquisition of Agricost would mean a nearly 70 percent increase.

Al Dahra Holding is a prominent leader in the agribusiness sector, specializing in the cultivation, production and trading of animal feed and essential human food commodities. Al Dahra has made considerable investments in the production, packaging and marketing of grains.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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