UAE, Saudi Arabia Confirm Delivery of 540,000 Tonnes of Wheat to Sudan
The UAE and Saudi Arabia today confirmed that the fourth shipment comprising 200,000 tonnes of wheat has been dispatched to Sudan, fulfilling their commitment to providing 540,000 tonnes of wheat to enhance food security in Sudan over a three- month period.
Meeting the population’s demand for this important commodity, the UAE and Saudi Arabia shipped two batches of wheat totalling 140,000 tonnes in August 2019, while the third batch, comprising 200,000 tonnes of wheat, arrived in Sudan in September 2019.
Speaking on the occasion, His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), said: “The food aid over the past three months has strengthened Sudan’s food security and economic stability that are among the core priorities of the Sudanese government. The commitment to supplying 540,000 tonnes of wheat stemmed from the wise guidance of the leaderships of the UAE and Saudi Arabia, reflecting the brotherly ties that unite the two countries with Sudan.”
As announced in April 2019, the food shipment falls within the framework of the US$3 billion (AED11 billion) Saudi Arabia-UAE joint aid package aimed at supporting Sudan’s economic and financial stability.
As part of the package, Saudi Arabia and the UAE also deposited US$500 million into the Central Bank of Sudan (CBOS), evenly split between the two countries, to strengthen the Bank’s financial position. The remainder of the aid package has been allocated to meet the urgent needs of the Sudanese population for wheat, medicine, petroleum derivatives, and seasonal agricultural supplies, as well as to support the education sector.
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.