UAE: Dubai Investments and E20 Investment partner for agricultural investment in Angola

Published Jul 11, 2023

Tridge summary

Dubai Investments and E20 Investment have signed an agreement to develop agricultural land in Angola, with the aim of cultivating rice and avocado crops. The joint venture aims to transform the land into an agricultural hub, ultimately producing 28,000 tons of rice and 5,500 tons of avocados. The project seeks to enhance Angola's food security, contribute to its agricultural productivity, and generate economic value.

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Original content

Dubai: Dubai: Dubai Investments and E20 Investment have signed an agreement to develop 3,750 hectares of agricultural land in Angola, the companies said on Tuesday. E20 Investment, specializes in investing in and operating farms and processing facilities across the globe, with a particular focus on Europe, Central Asia, and Africa. "The MoU is focussed on the development of a vast area of leased out land located in Angola and the project’s objective is to cultivate rice and avocado crops, leveraging Angola’s fertile soil and favourable climate conditions to achieve substantial yields," the companies said in a joint statement. “Through this collaboration, along with the overall development of the area, the Group aims to contribute to Angola’s food security which will support in enhancing the country’s agricultural productivity while generating economic value for all stakeholders involved,” said Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments. “Dubai Investments is ...

Source: Gulfnews