Elite Agro Holding announces €160.5 million agricultural investment

Elite Agro Holding and Emirates Food Industries have signed a memorandum of understanding to develop a 25-hectare blueberry farm in Al Ain, United Arab Emirates. The project involves an investment of approximately €19.5 million (US$21.8 million) and aims to increase domestic blueberry supply using modern farming technologies.

This initiative is part of a broader agricultural investment program totaling approximately €160.5 million (US$179.7 million) spanning the UAE, Morocco, and Mauritania, covering more than 9,300 hectares.

In Morocco, Elite Agro Holding and the Arab Authority for Agricultural Investment and Development will develop the 400-hectare Sidi Yehia farm with a €34 million (US$38.1 million) investment, focusing on blueberries, mandarins, and avocados. Additionally, the program includes a €107 million (US$119.8 million) project in Mauritania at Aftout/Rosso, targeting 244,000 metric tons of produce for domestic and regional export markets.