Home » Newsroom » In the News

Original Headline

Egypt Firm Says Investing in Sudan Farmland

Publication

Reuters

Publication Date

29 September 2009

Egyptian private equity firm Citadel Capital is investing in 500,000 feddans (210,000 hectares) of farmland in Sudan, a senior executive said on Tuesday. “We are investing in 274,000 feddans in the north (of Sudan) and the rest in the south,” Ahmed El Houssieny, Managing Director at Citadel Capital, told reporters on the sidelines of a conference in Cairo. He said the firm holds the rights to farm the land for 99 years.