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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


James Dak’s case:: Why death sentence should be canceled 2018-02-19 14:27:34 By Peter Gai Manyuon On Monday 12th of February 2018, a South Sudan court in Juba sentenced James Gatdet Dak to death by hanging, citing several provisions in the constitution as the basis upon (...)

The Position of the SPLM-N on Relief Delivery Same Wine, Old Bottles! 2018-02-18 06:50:42 By Elwathig Kameir On January 19, 2017, I published an article titled “Armed Struggle and Civil Resistance in Sudan: Catch 22,” from which I quote the following opening paragraphs (from i to iii): (...)

Without meaningful change Sudan will descend into chaos 2018-02-16 11:14:31 Economic failures, armed conflicts, and power struggles within the regime have pushed Sudan towards a tipping point By Ahmed H Adam Sudan's political crisis has reached its worst since the coup (...)


MORE






Latest Press Releases


Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)

AUHIP Communiqué on Sudan & SPLM-N talks for cessation of hostilities agreement 2018-02-05 13:04:16 African Union High-Level Implementation Panel for Sudan and South Sudan Joint Statement on Unilateral Ceasefire, Cessation of Hostilities and Completion of Negotiations 1) With the facilitation (...)

South Sudanese rights group call to release political detainees 2017-12-10 07:50:31 THE INTERNATIONAL HUMAN RIGHTS DAY: 10 DECEMBER 2017: SSHURSA CALLS ON ALL TO ACTION FOR SOUTH SUDANESE The 10 December usually marks the international human rights day. SSHURSA notes with (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.