Home | News    Thursday 3 April 2014

Sudan receives $1bn deposit from Qatar

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April 3, 2014 (KHARTOUM) – At the end of a one-day visit of Qatar’s Emir, Tamim bin Hamad Al-Thani to Khartoum on Wednesday, Sudan announced receiving a $1 billion central bank deposit from the rich Gulf state.

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Sudan’s President Omar al-Bashir (R) welcomes Qatar’s Emir Sheikh Tamim bin Hamad al-Thani as he arrives at Khartoum Airport for an official visit April 2, 2014. (Photo Reuters/Mohamed Nureldin Abdallah)

Al-Thani who became Emir of Qatar in June 2013 after his father’s abdication received a warm welcome in Khartoum where he held talks with Sudan’s president Omer Hassan Al-Bashir before to leaving for Algeria.

At the end of bilateral talks between the two delegations, the Sudanese finance minister Badr Al-Deen Mahmoud announced that Qatar deposited $1 billion in Sudan’s central bank.

Mahmoud said that the two countries agreed to boost two existing projects of Al-Diar real estate , and Al-Hassad Food, adding that the two sides agreed to solve the problems facing the Qatari investments in the country.

The finance minister added the talks focused on several areas of joint cooperation, disclosing agreement on establishing Kenana sluiceway project besides the agricultural production and manufacturing project.

He said they would hand over its feasibility study to his Qatari counterpart soon.

Economic experts predicted the Qatari deposit would positively impact on Sudan’s economy and reduce the US dollar’s exchange rate against the Sudanese currency.

The US dollar sold at 8.65 Sudanese pounds (SDG) in the black market on Tuesday. The official exchange rate is around 5.7 pounds to the dollar.

Sudan has been struggling with what was described as an economic shock following the loss of the oil-rich south in July 2011. Oil revenues constituted the majority of Sudan’s exports, national income and source of hard currency.

The governor of the Central Bank of Sudan (CBoS), Abdel-Rahman Hassan Abdel-Rahman, said on Wednesday that the visit of the Qatari emir underscores the strong ties between the two countries, pointing to the role of both leaders in promoting distinguished relations to serve the common interests.

He added those ties have positively impacted the banking sector in the two countries besides promoting economic ties and the joint investment and development projects.

Sudan’s foreign minister, Ali Karti, said at a press conference on Wednesday that the visit didn’t discuss strained ties between Doha and other Gulf states, pointing to the continued mediation efforts to resolve differences among those states.

On March 5, Saudi Arabia, the UAE and Bahrain recalled their ambassadors from Qatar, accusing Doha of failing to abide by an accord not to interfere in each others’ internal affairs. Qatar denies the charge.

He added the Qatari Emir came to Sudan at the invitation of Bashir, noting it was a successful visit and achieved its objectives in enhancing the growing ties between the two countries.

Karti further pointed that the visit was arranged in advance and had nothing to do with the recent political developments in the region.

The foreign minister announced that Bashir had issued a decree exempting all Qatari citizens from obtaining entry visas to Sudan as of Wednesday in order to strengthen and promote bilateral ties.

He asserted that arrangements and contacts with the Qatari side were underway in order to address the causes which prevented Sudanese citizens from being granted entry visas to Qatar, saying the Qatari side was responding to requests in this regard.

Karti stressed that the two sides discussed Qatar’s desire to invest in areas of tourism, electricity, and real estate besides implementation of the Doha Document for Peace in Darfur (DDPD), further pointing that Qatar had continued to finance and implement development projects in Darfur.

The Qatari Emir received the Necklace of Honour from Bashir besides other gifts including birds, rare African parrots, and authentic Arabian camels.

(ST)

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  • 3 April 09:38, by Akol Liai Mager

    Qatar’s bribes are shifting back & forth from Egypt and Sudan just to keep Muslim Brotherhoods in Power. But what is so shameful in the case of North Sudan is that Fugitive Bashir is being bribed by Granddad, the father and now the son of Qatar’s ruling family.

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  • 3 April 09:51, by Jalaby

    I have to loudly appreciate and admire the brave support of Emir Qatar Sheikh Tamim and his father former Emir Sheikh Hamad to Sudan and all the Arab nation countries who decided to resist the dictatorship ruling such as nation of Egypt,Libya,Syria,Yemen,Tunsia,etc
    Long life Emir Qatar Sheikh Tamim, Sudanese people will never forget your support to them all the time!

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  • 3 April 09:58, by Jalaby

    To Jonobean,
    You see our Arab brothers are so generous and keep flooding us with money billion after billion of dollar, I am wondering, why your masters Israel and America flooded you with nothing other than shit?! Keep running after their shoes buddies and you will only catch the fake wind!! LOL LOL

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  • 3 April 10:11, by Jalaby

    Ironically, majority of Jonobean were thinking and believing that as soon as the south will separate from north then the doors paradise will open to the south and all the south problems will be resolved, not only that but as Pagan Amom said "we will leave the dirty of Khartoum"!
    Those poor minded people referred all the south problems to north and forgot the south real

    repondre message

    • 3 April 20:03, by Jalaby

      problems and disease remain among southerners themselves
      I want to take you to the past and listen to what fabulous Atem Garang and Farouk Jat Koth had said about the future of the south Sudan after it separates from north and how that’s going to be a free and democratic country and put all the shit on Sudan! The south moved to nothing but failed and a piece of garbage

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      • 3 April 20:05, by Jalaby

        country! Sudan wasn’t the reason but nothing in common ties southerners and enables them to initiate a country and that’s root cause of the problem
        What democratic country were you talking about? what is happening now in the south proved you that you’re nothing but close minded and liars,listen:
        http://www.youtube.com/watch?v=QW_aTljloJU

        repondre message

  • 4 April 02:28, by Emporio

    @ jalaby
    Expressing your feeling to the maximam coz 1bn doesn’t matter if sudan get a donation of $300bn still needed south is shame you to appreciate the long serving American puppets in the Gulf join dictator al beshir to discuss dirty business kissing amir Qatar shoe won’t make you a brother still needed south for your survival

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