The Abu Dhabi Fund for Development signed an agreement with the Central Bank of Sudan, to deposit $250 million, equivalent to AED 918 million, in order to support the bank's financial policy and financial and monetary stability in Sudan.
The deposit comes as part of a joint assistance package approved by the United Arab Emirates and Saudi Arabia for Sudan, valued at $3 billion, to support the economy and meet the basic needs of the Sudanese people.
The agreement was signed by Mohammed Saif Al Suwaidi, director general of the Abu Dhabi Fund for Development, and by the Sudanese side, Amna Mirghani Hassan Altum, director general of the financial markets of the Central Bank of Sudan, in the presence of Khalifa Al Qubaisi, deputy director general of the Fund and a number of officials on both sides.
Mohammed Saif Al Suwaidi said that the agreement between the UAE and Sudan is a model for brotherly relations between brotherly countries.
He added that the Fund has financed many strategic projects in Sudan which have directly affected the members of the Sudanese society and boosted the march of economic growth In the country.
In January 2017, the Abu Dhabi Fund for Development signed an agreement with the Central Bank of Sudan, under which it deposited $400 million in the central bank, to help support the economic development of Sudan.
The Abu Dhabi Fund for Development has started its development activities in Sudan since 1976, where the Fund has financed many development projects in key sectors such as industry, energy, transport, transportation, water, irrigation and other key strategic sectors in Sudan.
