Abu Dhabi launches new company in Sudan
United Arab Emirates: Wednesday, May 28 - 2008 at 09:27
The Abu Dhabi Fund for Development is setting up an agricultural investment company in Sudan as an affiliate of Al Dhabi Holding Company, reported Gulf News. The new company will invest in land reclamation and agricultural production and provide for jobs and investments for Sudan, according to Adel Al Hosani, the fund's legal counsellor. The value of funds provided for projects in other countries by ADFD amounts to Dhs23bn ($6.3bn), with an average annual funding of Dhs750m.
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Jeff Florian, Senior ReporterWednesday, May 28 - 2008 at 09:27 UAE local time (GMT+4)
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