World Economy

Saudis Expand Agro Role in Sudan

Saudis Expand Agro Role in SudanSaudis Expand Agro Role in Sudan

Saudi Arabia’s investments in Sudan’s agriculture sector is likely to reach more than $13 billion after the north African nation  introduced new legislation to protect investors and attract more foreign funds, said a report. The growth in these investments is also because of the initiative taken by King Abdullah to boost Saudi Arabia’s agricultural investment abroad as well as encouraging the Kingdom’s private sector to invest in farming operations abroad for future food needs of the kingdom, reported Saudi Gazette. Sudan’s agriculture sector is vital to its economy as it employs around 80 percent of the country’s workforce and accounts for nearly 40 percent of the country’s gross domestic product.