Home GCC UAE Abu Dhabi investor signs pact on $225m Sudan farm project The project aims to create 5,000 jobs and generate $1bn in export revenue over 10 years by Bloomberg October 6, 2020 International Holding Co. said a unit entered into an agreement with DAL Group to jointly invest $225m in a Sudan agriculture project as the Abu Dhabi-based investor diversifies its portfolio. IHC Food Holding’s five-year investment plan expects to transform over 100,000 acres into farmland with an annual output of over 400,000 metric tons of crops, according to a statement. The project aims to create 5,000 jobs and generate $1bn in export revenue over 10 years. Through a flurry of mergers and acquisitions that started last year, International Holding has amassed a portfolio spanning real estate to utilities and health care to food services. The shares have soared more than 500 per cent in 2020, giving it a market capitalisation of about $19bn. DAL Group is one of Sudan’s biggest conglomerates. Tags Abu Dhabi DAL Group Farm Project International Holdings Company Sudan 0 Comments You might also like AD Ports signs concession deal to operate Egypt’s Safaga terminal Strong cash flows for UAE stocks in Christmas Day trade Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023 67 million visitors for Abu Dhabi’s Sheikh Zayed Grand Mosque