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 Last chance for UAE overstayers as visa amnesty deadline extended Dubai, Abu Dhabi lead global talent entry rankings, reveals report David Heard, a pioneer of Abu Dhabi’s oil industry, passes away at 85 Abu Dhabi’s Etihad Airways buys 16 aircraft engines for Dhs1.5bn