Email
Print
Save
June 6, 2011 (JUBA) - A high level delegation of the Government of Southern Sudan (GoSS) headed by the Vice President, Riek Machar, discussed with potential investors from Middle East in Dubai, the capital of the United Arab Emirates, investment opportunities in the soon-to-be Republic of South Sudan on 3 June.
- South Sudan’s vice-president, Riek Machar (AFP)
The region will formally become independent on 9 July following the overwhelming vote for secession from the rest of Sudan during the self-determination referendum, conducted in January 2011. The plebiscite came as a result of the 2005 peace deal between North and South Sudan that ended 21 years of civil war.
South Sudan is among the poorest countries in the world in terms of infrastructural development and services delivery to its people, though it has economic potentials in agriculture and oil, among others. GoSS has stepped up efforts to attract foreign direct investment in order to address the challenges and meet expectations of the people.
Machar and his delegation met with senior officials of the host government as well as with a group of leading investors from the Middle East.
The delegation listened to presentations by the investors who expressed interest to invest in South Sudan in various sectors after 9 July, when the region formally becomes independent.
Also among the potential investors that met with Machar in Dubai included representatives of one of the leading American companies in construction equipment, Caterpillar. The company which was represented by its partner, Traficgura Company, also discussed the possibility of investing in crude oil in South Sudan while financing major government projects on a loan basis.
Among the delegation that accompanied Machar to Dubai were the minister of finance and economic planning, David Deng Athorbei; minister of legal affairs and constitutional development, John Luk Jok; minister of investment, Oyai Deng Ajak; minister of energy and mining, Garang Diing; and former state minister of energy and mining and member of South Sudan petroleum corporation, Angelina Teny.
Machar is also expected to proceed to Washington DC in the US on 6 July for bilateral talks with the US administration.
(ST)
Latest Comments & Analysis
National unity: a project for each and every South Sudanese 2013-05-21 14:23:01 By Jacob K. Lupai May 21, 2013 - South Sudan has just attained independence from an imposed unity that had failed miserably to take into account the objective realities on the ground. In the old (...)
Unity and reconciliation necessary for sustainable peace in Darfur 2013-05-21 14:19:47 By Adeeb Yousif May 20, 2013 -The biggest challenge in the Darfur conflict today is divisions. These divisions have created misunderstanding and mistrust within Darfurian society. Moreover they (...)
The Invasion of Abyei: two years of more agony 2013-05-20 05:39:13 By Luka Biong Deng May 19, 2013 - On 21st May 2013, the people of Abyei have spent two years of more agony and they will remember again the sad memories of how their lives and livelihoods were (...)
MORE