Al Dahra (Al Dahra Srbija d.o.o., parent company based in the UAE)

A company from the United Arab Emirates that in 2018, as the sole bidder, bought PKB's assets for about €105 million, which according to Insajder was only slightly more than half their estimated value; the call for investors was issued the day after Vučić met its director in Davos. By its own report, it earned €106.3 million on the difference between the price paid and fair value alone, while the workforce fell from about 1,700 to about 600. The state is now buying back former PKB land for EXPO at a valuation a hundred times higher; Al Dahra denies selling land to the state.

Affairs

  • EXPO 2027 – a special law and contracts without public procurement: It denied selling land for EXPO to the state; according to the land registry, it was an owner within the plan's area
  • Sale of PKB to Al Dahra: As the sole bidder, it bought PKB's assets and, according to its own report, made €106.3 million on the difference to fair value