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Sudan

ADFD offers Dh275 million in loans for water dams in Sudan

The UAE will offer two loans worth Dh275 million for financing water projects in Sudan. Mohammed Saif Al Suweidi, Acting Director General of Abu Dhabi Fund for Development (ADFD) and visiting Sudanese Minister of Finance and Economy Awad Ahmed Al Jaz signed the loan agreements on Tuesday.

Al Suweidi said the first Dh184 million loan will be used to complete the Marawi Dam in north Sudan which the ADFD has previously extended Dh551 million for the project. The project will help Sudan fill the power deficit by producing 1,250 megawatts. According to the UAE official, the second Dh92 million financial facility will be earmarked for heightening the Roseires Dam by 10 metres in order to boost its designing capacity from 3 to 3.7 million cubic metres. This expansion will allow an increase of irrigated farming area to 1.4 million hectares and a generation of 565 gigawats hours. The ADFD has so far financed 260 projects in 51 countries in the tune of over Dh 22 billion- Emirates News Agency, WAM