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Thursday, April 18, 2024
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Dubai Investment Corporation and E20 sign MoU for investment in Angola’s agriculture

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Leading investment firm Dubai Investments and agribusiness investment company E20 Investment have signed a Memorandum of Understanding (MoU) to develop 3,750 hectares of agricultural land in Angola.

E20 Investment specializes in the investment and operation of farms and processing facilities worldwide, with a particular focus on Europe, Central Asia and Africa. The company brings a wealth of knowledge from around the world, highlighting international expertise in the agricultural industry.

The memorandum of understanding focuses on the development of a large leasehold land in Angola, where the project aims to grow rice and avocado crops, taking advantage of Angola’s fertile soil and favorable climatic conditions to achieve high yields.

agricultural center

The joint venture aims to transform the land into a thriving agricultural center within 18 months, with an expected production of 28,000 tonnes of rice and 5,500 tonnes of avocados (peak production).

Khalid Bin Kalban, vice-chairman and chief executive officer of Dubai Investment Corporation, said: “Through this partnership and the overall development of the region, the group aims to contribute to Angola’s food security, which will help increase the country’s agricultural productivity, Simultaneously create economic value for all relevant stakeholders.

“E20 Investment brings extensive experience in managing large-scale agricultural projects, ensuring the implementation of cutting-edge technologies and sustainable agricultural practices. Their expertise will help maximize the efficiency, productivity and profitability of the projects.”

ideal extension

“With the continued development of the Dubai Investment Park (DIP) in Angola, Dubai Investments Corporation has begun investing in the Angolan market. ) capabilities. DIP Angola is conceived as a successor to the proven DIP model both on the international stage and in lucrative markets such as Africa,” Kalban added.

“The Dubai Invest and E20 Investment MoU is an important step in promoting agricultural development in Angola, diversifying the economy and fostering a sustainable future. It reflects our commitment to invest in sustainable agribusiness opportunities around the world.

“By combining our expertise with Invest Dubai’s vast network and resources, we believe in our ability to create a successful agricultural project in Angola that will contribute to economic growth and employment opportunities in the country. Both companies are committed to to execute the project with the highest standards of professionalism, environmental responsibility and social impact,” said Sultan Al Jaberi, CEO of E20 Investment. trade arab news agency

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