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.
- 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.