Alabbar family office invests in Tanzanian sugar project

Dalmia Bharat Sugar and Industries Limited announced on September 26, 2025, that it had signed a Share Subscription and Shareholders Agreement with Eagle Agrotech Holdings Limited (EAHL) and the family office of H.E. Mohamed Ali Rashed Alabbar. Under the deal, Dalmia will acquire a 51% equity stake in EAHL for up to US$1 million, utilizing a combination of shares and other securities. EAHL, incorporated in Abu Dhabi in July 2024, is owned by Alabbar’s family office and serves as the holding company of Eagle Agrotech Tanzania Limited (EATL). EATL is in the process of establishing a sugarcane plantation and sugar factory in Tanzania, with the acquisition expected to be completed within six months. The move marks a key step in Dalmia’s international expansion beyond India, where it is already one of the country’s leading sugar producers with a cane crushing capacity of 35,500 TCD and a strong client base including Coca-Cola, PepsiCo, and Mondelez.

About the Alabbar family office

For Mohamed Alabbar, widely known as the founder of Emaar Properties and the driving force behind Downtown Dubai and the Burj Khalifa, the investment reflects his long-standing strategy of channeling capital into transformative projects across emerging markets. His family office manages Eagle Agrotech as part of a diversified global portfolio that spans real estate, hospitality, technology, and consumer sectors across 18 countries. By aligning with Dalmia Bharat Sugar, Alabbar extends his influence in Africa’s agribusiness sector, complementing his established legacy in real estate and e-commerce ventures such as Noon and Zand Bank. The Tanzanian sugar initiative highlights the family office’s role in promoting economic growth and food security, while providing Dalmia with a platform to expand its presence in Africa’s growing sugar market.

Article source: Chini Mandi, 30.09.2025

Picture source: Maryam Sicard, 15.09.2025