(MENAFN) Qatari Hassad Food was reportedly planning for a USD500 million of investment in Sudan's agricultural and food sector over the upcoming three years.
Gulf Times reported the plan to have come after a deal was signed with a Sudanese firm on the agricultural and food cooperation.
The announcement has been made by Mohamed Al Sadah, chief executive officer of the wholly owned subsidiary of Qatar Investment Authority.
The CEO declared "over the next three years, we plan to invest about 500 million dollars in the Sudanese food sector, by entering into partnerships with a number of local Sudanese companies."
Qatar was said to be preserving its strategic relations with Sudan, as it provides support for the country on several issues, especially over Darfur region.
MENAFN3006201800450000ID1097093351
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.