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UAE billionaire expresses readiness to invest in South Sudan

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September 29, 2011 (JUBA) – A group of investors from Dubai in the United Arab Emirates have expressed their readiness to invest in major projects in South Sudan.

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South Sudan VP Riek Machar (R) and Sheikh Buti Saeed (L), Juba, September 29, 2011 (ST)

South Sudan became an independent state on 9 July 2011 and still lacks infrastructure and basic services after years of underinvestment and more than two decades of civil war with North Sudan.

On Thursday a Dubai billionaire, Sheikh Buti Saeed Al Ghandi, led a delegation to Juba to assess the investment potentials.

He met with the South Sudan vice president, Riek Machar and was briefed on the major projects which require investment.

The projects include an international airport at Tali, north of Juba – the current capital.

Machar also briefed them on agriculture, roads, railways, refineries, pipelines, hydroelectric power dams and the building of the new capital in Ramciel, among others.

Saeed expressed his interest in providing investment in some of the major projects.

(ST)

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  • 30 September 2011 08:30

    Good information that every South Sudanese need to hear. investment,investment, investment and job creation. build the airport in Tali to service Ramciel.

    repondre message

  • 30 September 2011 09:00, by Anyangaliec

    Quite impressive to hear this news! For me personally I would like the ROSS government to award the construction of the would be ’ Tali international airport’ in north of Juba to UAE investor Mr Sheik if possible, since they are well armed with the necessary tools to do it. And I would be impressed if that could be the case. Otherwise, it’s up to the government to make their own choice.

    repondre message

  • 1 October 2011 07:15, by Tut/Thon

    Dr. Machar, you are the reflecting light of this nation. You alway provide the alternative when morale is trying to dimish at the mind of our people.

    Good job as usual, you are serving your people!!!

    repondre message

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