Friday, 18 December 2009

Sudan Looks to Attract Middle Eastern Investment in Farmland

Sudan wants to attract foreign investors to cultivate vast tracks of land that are currently unused in Africa’s largest country, State Minister for Finance Tarek Shalabi said.

“We have millions of acres of land, very flat and unspoiled and it hasn’t really been even explored yet,” said Shalabi, 41, in an interview on Dec. 15 in the capital, Khartoum. “Sudan is a very good place for agricultural investment.”

Arab countries such as Egypt, Kuwait and Saudi Arabia have started to invest in Sudanese farmland as their own agricultural industries fail to keep pace with their rising populations. Elsewhere in Africa, Indian and other foreign companies are buying up land in a process critics have described as a “land- grab,” exporting food from countries that are not self sufficient.

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