One day after the UAE Development Fund approved a $400 million loan for Serbian agriculture, an agreement between Belgrade and Al-Dahra was also announced. Al-Dahra will purchase eight bankrupt Serbian farm companies for $400 million and develop them to grow and produce food and fodder for export. This is the biggest investment in Serbian agriculture in decades. One third of the $400 million will purchase the companies and the remainder will be invested in irrigation and the development of at least five fodder plants.