BEIJING, Sept.5 (Xinhua) --- China Shandong International Economic and Technical Cooperation has recently signed a framework agreement on agricultural cooperation with CAD Fund, CAFIC Fund and Sudan Rahad Agricultural Corporation.
According to the agreement, all partners will jointly build an agricultural cooperation platform in Sudan, promote implementation of a package of agricultural projects such as an agricultural cooperative development zone between China and Sudan, and expand development of the upstream and downstream industries including agricultural machinery, breeding, textiles, printing and dyeing in the agricultural sector in Sudan, in an effort to create a whole industry chain operation platform covering seed-breeding, farming and breeding bases, processing, logistics and trade of agricultural products.
According the CAD Fund, it has accumulatively invested more than 4.6 billion U.S. dollars in 92 projects in 36 African countries, which has driven the Chinese enterprises' investment in Africa to more than 23 billion U.S. dollars, while CAFIC Fund has accumulatively invested more than 1.2 billion U.S. dollars in 11 projects.
China Shandong International Economic & Technical formally launched the large-scale agricultural investments in Sudan in 2011.
Sudan Rahad Agricultural Corporation is an enterprise under the Sudanese Ministry of Agricultural and Forestry. It is responsible for the management of Rahad Irrigation District, which owns abundant land resources of about 2 million mu (15 mu equal one hectare). (Edited by Jiang Feifan, Hu Pingchao, jiangfeifan@xinhua.org)
A single purchase
