Dubai Investments and E20 Investment, an Abu Dhabi-based agribusiness investment company, have signed a Memorandum of Understanding to develop 3,750 hectares of agricultural land in Angola.
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 company brings a wealth of knowledge from various corners of the world, highlighting international expertise in the agricultural industry.
The MoU is focused on developing 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 favorable climate conditions to achieve substantial yields.
Over the course of 18 months, the joint venture aims to transform the land into a thriving agricultural hub, resulting in a projected production of - among others - 5,500 tons of avocados.
Source: gulftoday.ae
