Abu Dhabi Fund for Development Provides Sudan With Agricultural Supplies Worth Dh40 Million
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.
Abu Dhabi Fund for Development
Established in 15th of July 1971, Abu Dhabi Fund for Development (ADFD) is an autonomous national entity affiliated with Abu Dhabi government.
ADFD aims to help developing countries to achieve sustainable socio-economic growth; through financial assistance in the forms of concessionary loans, managing government grants and equities. ADFD also peruses investments in order to encourage the private sector in the recipient countries to play an essential part in accelerating the economic development process, and at the same time playing a pivotal role in strengthening and diversifying the future resources of the Fund.