Home | News    Wednesday 19 March 2014

Egyptian investments in Sudan total $7.8 billion: official

separation
increase
decrease
separation
separation

March 18, 2014 (KHARTOUM) – The volume of Egyptian investments in Sudan reached $7.8 billion spread among 230 ventures, a visiting official from Cairo said today.

JPEG - 27.9 kb
Egyptian minister of Trade, Investment and Industry Munir Fakhri Abdel-Nur

The Egyptian minister of Trade, Investment and Industry Munir Fakhri Abdel-Nur who addressed the opening session of the Sudanese-Egyptian Business Forum on Tuesday called for joint cooperation between the two countries to bring about an integration model that achieves the aspirations of the two sides.

Abdel-Nur noted the growth of trade between the two countries which in 2013 amounted to about $340 million adding that Cairo, in the light of the potential available in both countries, seeks to complete joint investment projects which were previously discussed to boost trade.

The Egyptian minister underscored the desire of the Egyptian businessmen to invest more in Sudan and cooperate in the agriculture sector, especially in the areas of food security. He also pointed to the importance of expediting the completion of the Halfa - Ishket road on the borders saying it will increase bilateral trade and facilitate the movement of people, goods, services and capital.

"We emphasize the importance of activating the proposal for the establishment of an Egyptian industrial free zone in Khartoum" he added.

The Sudanese Minister of Industry al-Samih al-Sideeg for his part called for examining trade obstacles facing the two countries and stressed that they welcome and are ready to facilitate Egyptian investments.

He expressed hope that the Egyptian trade delegation’s visit to Sudan will mark a turning point in the path of economic relations between the two brotherly countries and underscored the importance of integrating efforts to maximize investments between the two countries and doubling the size of commercial exchanges and to benefit from the Egyptian expertise in the sectors of industry, agriculture and work on joint investment partnerships.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Egypt’s Strategic Water Security: The myth and the truth 2017-03-24 08:19:56 By Ermias Hailu Following to the end of the second world war Egypt’s failure to integrate Eritrea to its territories, due to Emperor Haile Selassie’s superior diplomatic skills, the then Pan- Arab (...)

South Sudan famine is a wake-up call to revive dead peace deal 2017-03-20 15:57:01 By Brian Adeba News that a famine has been declared in South Sudan is yet another stark reminder of the ever evolving nature of war-induced fragility in Africa’s newest country. As the world (...)

Africa’s next level of economic transformation 2017-03-20 05:57:00 By Jim Yong Kim The G20 finance ministers met last week in Germany to discuss critical challenges facing the global economy, from climate change to migration to humanitarian emergencies like the (...)


MORE






Latest Press Releases


Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)

Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.