Kuwait eyes agriculture investments in Sudan; deal signed

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Zawya Dow Jones | Tuesday, 9 September, 2008

DUBAI: Kuwait, Opec’s fourth-largest oil producer and Sudan, the largest African country by land, plan joint investments in agriculture, government officials from the two countries said, state-run Kuwait News Agency (Kuna) reported on Sunday. Kuwait and Sudan will forge a “giant” strategic partnership to jointly invest in the agriculture sector, Sudan’s Finance and Economy Minister Awad Ahmad al-Jaz said during a two-day visit of Kuwait’s Minister of Finance Mustafa Jassim al-Shamali to Khartoum, Kuna reported.

Both countries reached an agreement that will enter into force next week, al-Jaz said, adding that the investments mainly focus on agriculture and cattle.

Al-Shamali is in Sudan to boost economic co-operation and expand the scope of investments in Sudan, Kuna reported. Kuwait joins other Gulf oil producers in investing overseas to ease their reliance on food imports. –
Original source: Zawya Dow Jones
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