Amman to give control of Sudan investment to private firm

14 July 2008
Jordan’s Agriculture Ministry will soon appoint a private sector company to manage its substantial investment in farmland in Sudan.

The ministry has a 10-year-old agreement with its counterpart in Sudan to raise animals and grow crops on a 250 million square metre area of land in Al-Jazeera state, southeast of Khartoum.

“The planned venture will be totally run by the private sector, but the government will keep its right to define the types and quantities of agricultural produce to be grown in Sudan,” says agriculture minister Muzahim Muhaisin.

Jordan’s Arab Authority for Agricultural Investment and Development is expected to finish a study on how to develop the land before the end of July.

Other Arab countries, including Egypt, Saudi Arabia and the UAE, plan to invest in Sudanese farms as a way of protecting themselves against high food prices.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.