Abu Dhabi Fund for Development provides Sudan with agricultural supplies

Support includes provision of 9mln agricultural packaging bags

  
Abu Dhabi Fund for Development provides Sudan with agricultural supplies
  • Al Suwaidi: UAE remains committed to supporting Sudanese government to overcome present economic and development challenges

Abu Dhabi – The Abu Dhabi Fund for Development (ADFD) has provided Sudan with agricultural supplies worth AED40 million (US$10.8 million) as part of the UAE’s support for the agricultural sector in Sudan. The support includes the provision of nine million bags for packaging agricultural products and crops.

The first shipment comprising 3,315,000 packaging bags has been delivered to the Sudanese government in coordination with the UAE embassy in Sudan and the Agricultural Bank of Sudan, while the remainder will be dispatched before the end of April, 2020.

This shipment is part of the US$3 billion aid package approved by the UAE and the Kingdom of Saudi Arabia to support economic and financial stability of Sudan.

His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said: "This assistance articulates the keen interest taken by the UAE’s wise leadership to enable Sudan to overcome its present challenges, and provide its people with necessary supplies to drive growth in key sectors including agriculture, education, healthcare and food security.”

He added, "For several years, ADFD has played an active role in the development of Sudan. We have supported projects serving key economic sectors including agriculture given its crucial significance for the country’s economic development. Furthermore, we contributed to the development of many strategic projects that translate a long-term economic impact on the sustainable development of Sudan.”

For his part, His Excellency Hamad Mohammed Humaid Al Junaibi, the UAE Ambassador to Sudan said: "The UAE’s continued support for the government of Sudan will enable the country to overcome its economic challenges and achieve stability and prosperity. Our wise leadership is keen to leverage the outstanding relationship both countries have fostered over the years to achieve our mutual interests.”

In April, 2019, the UAE and Saudi Arabia deposited US$500 million into the Central Bank of Sudan as part of the US$3 billion grant aimed at fostering Sudan’s economic and financial stability. Earlier, ADFD dispatched 540,000 tonnes of wheat worth $150 million to Sudan to meet its urgent food needs, besides the provision of school supplies that will support 400,000 students. Furthermore, both countries are providing Sudan with medicine, petroleum derivatives and agricultural supplies as part of the joint aid package aimed at accelerating sustainable economic development in the country.

-Ends-

About Abu Dhabi Fund for Development (ADFD)

Abu Dhabi Fund for Development (ADFD) is a leading national entity for economic development aid owned by the Abu Dhabi government. Established in 1971, it aims to help emerging countries by providing concessionary loans to finance sustainable development projects as well as administering long-term investments and direct contributions. In addition to managing development grants offered by the Abu Dhabi government, ADFD has adopted a policy of supporting the national economy and financing UAE private sector investments. Since its inception, ADFD has marked developmental milestones in more than 94 developing countries. Spanning the last 48 years, the Fund's development projects and investments, valued at AED102 billion, have helped the international community achieve sustainable economic growth as well as drive the implementation of the United Nations’ Sustainable Development Goals (SDGs).

www.adfd.ae 

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases