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


Sudan’s renegade Sheikh 2017-09-12 12:44:55 By Ahmed H Adam Tensions between the Sudanese regime and militia commander Sheikh Musa Hilal has reached a tipping point in recent weeks. On July 20, Sudanese Vice President Hassabo Abdel (...)

The UN’s WHO knows cholera vaccines have been used effectively: why not in Sudan? 2017-09-09 23:05:26 Eric Reeves The UN’s World Health Organization (WHO) continues in its refusal to call the cholera epidemic that has spread throughout Sudan by its proper name (cholera is caused by the Vibrio (...)

Why a technocratic transitional government in South Sudan? 2017-09-09 07:17:12 Dr Lam Akol The youngest country in the world was born amid great expectations and hopes for the future. These were not day dreams or castles built in the air. The hope was based on the fact (...)


MORE






Latest Press Releases


Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.