Abu Dhabi investor signs pact on $225 million Sudan farm project
Published 05 Oct,2020 via Bloomberg Markets - - International Holding Co. said a unit entered into an agreement with DAL Group to jointly invest $225 million in a Sudan agriculture project as the Abu Dhabi-based investor diversifies its portfolio.
IHC Food Holding’s five-year investment plan expects to transform over 100,000 acres into farmland with an annual output of over 400,000 metric tons of crops, according to a statement. The project aims to create 5,000 jobs and generate $1 billion in export revenue over 10 years.
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Farah Elbahrawy