(ANSA) - BELGRADE, SEPTEMBER 25 - The UAE-based Al Dahra Holding will invest another USD 500 million in various sectors in Romania in the next five years, local media have reported. Al Dahra aims at purchasing additional agricultural land in the European country and will invest in modernising the existing portfolio of agricultural machinery and technologies, the portal Business Review said, recalling that the agricultural giant has acquired the largest Romanian farm producer, Agricost, last summer and a concession of at Braila island on the river Danube, one of Europe's largest farm. According to Romanian media, Al Dahra wants to increase the grain and compound feed production by 2022, to create a grain collection center and acquire an operating point at Constanta port to facilitate grain exports and fertilizer imports. Moreover, Al Dahra will modernise the facilities in the port of Braila for increased cargo and vessel traffic, Business Review added. Al Dahra is one of the biggest agribusiness companies in the world and it operates in over 20 countries. The Al Dahra investment plan in Romania will be "implemented in several phases in the coming years and will support the Abu Dhabi Government's strategy of securing long-term food needs," Business Review said. Recently, Al Dahra has acquired one of the biggest agriculture and food producers in neighboring Serbia, the company PKB. (ANSA).