Luanda: The UAE-based AL DAHRA group has announced its plan to invest 500 million US dollars in Angola to enhance agricultural development, strengthen food production, and generate job opportunities. This announcement was made by Stuart Donald, head of agriculture at the Dubai-based company, following a visit to assess investment opportunities in the northern Cuanza-Norte province.
According to Angola Press News Agency, the company aims to produce corn, soybeans, beans, and sunflowers on a large scale for animal feed production, primarily for export to Arab countries. AL DAHRA officials are currently exploring several provinces, seeking land up to 10,000 hectares with sufficient water for irrigation, improved access, and electricity for the project's implementation.
In Cuanza-Norte, the group identified the agricultural potential of the municipalities of Lucala, Samba Cajº, and Caculo Caba§a as promising due to favorable rainfall, soil quality, and water availability. Esperan§a Rodrigues, the vice-governor for the Political, Economic, and Social sector of Cuanza-Norte, assured that the local government is committed to supporting the project. She mentioned that an area of 20,000 hectares, double the intended amount, has already been made available should the company decide to invest in the region.
Rodrigues stated, "The provincial government is open, in fact, as you know, our province is rich in water resources, we have arable land, we have energy, we have everything to offer."
AL DAHRA's current investments span across Romania, Serbia, Egypt, Morocco, Namibia, the United States, Brazil, Uruguay, Paraguay, and Argentina. The company is now looking to expand its activities in Africa, where it sees significant investment opportunities.
