By Staff writer
Memorandum of understanding inked between UAE outfit and AJD Agro
Abu Dhabi-based Al Dahra Holding has signed a deal to cultivate and supply essential crops and forage across Bulgaria.
The memorandum of understanding (MoU) was signed with Bulgaria-based AJD Agro and includes alfalfa and other grasses.
Khadim Al Darei, vice chairman and co-founder of Al Dahra Holding, said: "We have always considered Bulgaria as a strategic agricultural partner given its differentiated position in the European continent when it comes to alfalfa and essential grains cultivation and livestock growing.”
Al Dahra previously invested in the country through Loulis Mills, the Greek-based flour miller, which acquired the largest flour mill operator in Bulgaria.
AJD Agro cultivates more than 4,000 hectares of land spread across the Lovech region and currently operates an alfalfa dehydration plant with an annual alfalfa production capacity of 20,000 metric tons.
Dimitar Machuganov, AJD Agro’s founder, said: "We are very excited to partner with Al Dahra as such collaboration provides us with needed resources to increase our farming footprint and production capacity and allows us to further reach global commercial markets.”