UAE corporation to invest $10 billion in agricultural land in Sudan
- Tue, 2015-06-09 (All day)
- Khartoum, Sudan
The area known as al-Hawad valley is one of the most fertile agricultural lands in Sudan particularly for maize.
NBI said that Al-Dahra Holding will invest $1 billion dollars in the first phase of the project that would cost $10 billion.
On its website, Al-Dahra describes itself as a “prominent leader in the agribusiness; specializing in the cultivation, production and trading of animal feed and essential human food commodities such as rice, flour, fruits and vegetables”.
“The group owns and operates a large asset base including a land bank of 200 thousand acres, 8 forage pressing and production plants, 4 rice milling plants and 2 flour milling plants”.
If the project in Sudan materializes, it will surpass in size the Gezira scheme in central Sudan which is the largest irrigated farm under one management in an area of 2.2 million acres.
The Ahmed MahjouNBI Secretary General b stressed after his meeting with officials from the UAE company the group of experts the need to prepare technical feasibility studies for the implementation of the project for it to see the light.
He noted previous successful partnerships between Arab companies and Khartoum in agricultural investments.