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


Dissolution and formation of the Cabinet - 2013 2018-04-19 21:36:58 Amb Telar Deng The events that led to the 2013 dissolution of cabinet can be traced back to the deep mistrust that fermented back in 1991 when leaders failed to close ranks. After the 1991 (...)

Tall tale of criminal confession from S. Sudan presidency 2018-04-14 21:06:37 By Stephen Par Kuol Those who could not have read the minds of Kiir’s fascist regime for years can now read its own lips confessing war crimes and financial corruption. Ateny Wek Ateny has been (...)

Machar project and the South Sudan peace forum 2018-04-12 05:14:13 By Tor Madira Machier The Intergovernmental Authority on Development (IGAD) and the rest of the international community seem to be investing in two rival projects: One is the Machar project and (...)


MORE






Latest Press Releases


Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)

Appeal for forgiveness and pardon of John Agou Wuoi 2018-03-07 08:28:08 H.E. Salva Kiir Mayardit, President and Commander-in-Chief, of the Sudan People's Liberation Army (SPLA), Republic of South Sudan (RSS), 5th February, 2018. Through: Hon. Michael Makuei Lueth (...)

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 (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.