By James Cordahi
Emirate plans to develop agricultural land in country as world food crisis grows.
Abu Dhabi plans to develop agricultural land in Sudan, Africa's biggest country, as part of a strategy to improve its food security, the UK's Financial Times reported on Wednesday, citing a government fund.
The Abu Dhabi Development Fund is looking to set up a company with an Arab agency to develop at least 70,000 acres in northern Sudan, the fund's deputy projects director, Ahmed Al-Shamsi, said.
The fund, which will invest hundreds of millions of dirhams in the project, may seek to produce corn, alfalfa and possibly wheat, the FT said. A study on the project should be ready by November, it said.
The fund, set up in 1971 to help poorer countries with low-cost loans for infrastructure projects, is also considering projects in Senegal and Uzbekistan, the newspaper said.
A spokesman for Al-Shamsi declined to comment. (Reuters)retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.