Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. OCP joins Al Dahra in view of reducing logistical costs and to rely on the Abu Dhabi-based holding’s network of partners in the region. Al Dahra was founded in 1995 and operates in the cultivation, production, trading of animal feed and human food commodities. Present in 10 countries, the Emirati company also operates in Morocco where it acquired Oliva, a company operating in the super intensive and lucrative olives farming business.

Source: The North Africa Journal January 21, 2020 12:45 UTC