Home | News    Monday 13 September 2021

Sudan seeks Saudi investment in infrastructure

separation
increase
decrease
separation
separation

Sudanese Saudi investment forum in Khartoum on 12 Sep 2021 (SUNA photo)September 12, 2021 (KHARTOUM) - Sudanese minister called on Saudi businessmen to put their money into the very much needed infrastructure investments among other economic activities to rebuild the national economy.

A Sudanese-Saudi economic forum began in Khartoum on Sunday. The meeting, which is co-organised by the government of the two countries, aims to allow 45 Saudi public and private investors to better identify economic activities where they can inject their money.

Speaking at the opening session, the Sudanese Minister of Investment, al-Hadi Mohamed Ibrahim, suggested six areas suitable for Saudi investments in Sudan, including energy, electricity, mining, transport, communications, fisheries and railways.

"We hope that understandings will be reached about it," said Ibrahim before adding that his government will remove all the difficulties facing foreign investors.

He affirmed his government’s support to the private sector to build strategic partnerships to create a conducive infrastructure to attract foreign investments after Sudan’s return to international financial institutions and the lifting of international sanctions.

Sudanese Minister of Agriculture al-Tahir Harbi encouraged Saudi businessmen to invest in agriculture pointing that Saudi investments in Sudan are successful, especially in the areas of rained agriculture, animal production and forests.

From July 5 to 9, a Sudanese ministerial delegation involved ministers of finance, investment and energy was in Riyadh where they met with Saudi officials and businessmen. The two sides agreed to meet in Khartoum to better assess economic opportunities and finalize agreements.

The Saudi delegation is led by Abdulrahman bin Abdulmohsen Al-Fadhli Minister of Environment, Water and Agriculture.

In March 2021, Riyadh pledged to invest $3 billion in a joint fund in Sudan. Also, Riyadh promised to encourage private capital to invest in Sudan and provide support to Saudi businessmen to work in Sudan as part of its 2030 vision to transform the Saudi economy and reduce dependency on oil.

Minister Al-Fadhli reiterated in his speech Saudi Arabia firm desire to cooperate, strengthen economic and trade relations, and develop investment for the benefit of both countries.

He further referred to the directives of the Kingdom’s government to discuss investment opportunities in the fields of energy, infrastructure, agriculture and communications.

During the meeting, the Sudanese officials proposed 124 investment projects in various fields, including 77 projects for partnerships between the private and public sectors, and 47 projects for investment in agriculture, livestock and fisheries, in southern and western Sudan states.

With regard to the infrastructures, Sudan proposed to invest in highways, bridges, railways and the national maritime carrier, the Sudanese Shipping Lines Company.

The proposed projects included investment communications and digital transformation, oil sector, electricity sector. and minerals, and the establishment of free zones and markets.

During, the meeting of last July in Riyadh, the Sudanese officials emphasized that transport and roads are crucial for the development process in Sudan and can be monetised quickly.

Chairman of the Saudi Business Council Hussein Saeed Bahri told Sudan Tribune and that the Saudi leadership has directed them to invest in various fields in Sudan, and cited wide opportunities in mining, agriculture, livestock, fisheries, communications, ports, roads and railways.

He pointed to Sudan’s proximity to Saudi Arabia, adding that the East African country represents a strategic depth in food security, especially since the Kingdom has stopped the cultivation of wheat, barley and fodder due to lack of water.

(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.


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



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


What Makes an Uprising? 2021-09-03 17:29:45 By: Dr Lam Akol* In an undated article, Hon. Atem Garang de Kuek discussed what was required for an uprising in South Sudan to succeed as did three uprisings in the recent history of Sudan (...)

Is IGAD partly responsible for current confusion in South Sudan? 2021-08-21 09:41:17 By Bol Khan In April 2016, Radio Tamazuj posted and answered questions about the fainting Security arrangements or demilitarization of the capital, Juba as stipulated in 2015's signed ARCSS and (...)

South Sudan People Coalition for Civil Action (PCCA) is to create warlords 2021-08-19 11:06:28 By Steve Paterno In South Sudan, where just about everyone has access to guns (tons of them), and almost every ambitious politician is a potential warlord, any slight destabilization of the (...)


MORE






Latest Press Releases


Statemeny bu Hala al-Karib to UN Security Council on women conditions in Sudan 2021-09-15 11:59:16 Statement by Ms Hala Al-Karib to the UN Security Council 14 September 2021 Madam President, Excellencies, My name is Hala Al-Karib and I am the Regional Director of the Strategic Initiative (...)

Joint Communiqué on the visit of H.E. the Prime Minister of the Republic of Sudan to Juba 2021-08-23 11:23:26 19 – 21 August 2021 His Excellency Dr Abdallah Hamdok, Prime Minister of the Republic of the Sudan and Chairperson of IGAD, accompanied by Ministers of Defence, Foreign Affairs, Trade, (...)

S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)


MORE

Copyright © 2003-2021 SudanTribune - All rights reserved.