THE PENINSULA (Qatar)
DOHA: Sudan-based Kenana Sugar Company has inked a deal with Cairo’s Beltone financials to set up a $1bn private equity fund management firm that will focus on agro industry projects.
A delegation of top Kenana officials is here to hold talks with Qatar’s Hassad group to create one of the world’s biggest food producing companies with a view to ensuring food security in the Arab world.
Mohamed Al Mardi Al Tejani, from Kenana, told reporters here yesterday that top on the agenda of the company which is also into food production (aside from producing sugar) is to ensure food security in the food-scarce Arab world.
While Sudan with massive arable land and irrigation resources will be the producer, the agricultural processing units and agro-based industries could be set up in Egypt and GCC countries so that all the partners reap equal benefits.
Kenana is one of the biggest food and sugar producing companies in the Arab world with ownerships of Sudanese and other Arabs.
Al Tejani said negotiations were already underway with Hassad to create one of the world’s largest food producing companies. He said talks were also lined up with the Qatar National Bank, which has operations in Sudan as well, to finance its various ambitious agricultural projects.The Kenana officials are slated to meet members of the Qatar Chamber of Commerce and Industry (QCCI) as well to hold talks for economic cooperations.