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Efforts Ongoing to Remove Obstacles for Saudi Investment in Sudan, Hamdok Says

Efforts Ongoing to Remove Obstacles for Saudi Investment in Sudan, Hamdok Says

Tuesday, 8 October, 2019 - 12:30
Sudanese Prime Minister and his accompanying delegation during their meeting with the Saudi businessmen in Riyadh on Monday, October 7, 2019. (Photo: Bashir Saleh)

Sudan’s Prime Minister Abdalla Hamdok has revealed his government's intention to hold an imminent Saudi-Sudanese economic conference to promote bilateral economic integration.

Hamdok affirmed that as soon as he returns to Sudan from his current visit to the Saudi capital, Riyadh, he will work on removing the obstacles facing Saudis’ wanting to invest in his country.

He pointed out that the joint visit with Head of Sudan’s transitional sovereign council General Abdel Fattah al-Burhan to Riyadh was successful in all means.

The Premier noted the change that has taken place in Sudan, describing it as profound and comprehensive for all aspects of life, including the creation of a favorable investment environment for foreign investors.

He vowed to work hard to resolve all obstacles facing Saudi investors in Sudan, stressing that his country is rich in resources.

He said he looked forward to co-operating with Saudi Arabia in the fields of agriculture, industry, services, infrastructure, and energy.

His statements were made during his meeting with Saudi businessmen in the headquarters of the Council of Saudi Chambers (CSC) in Riyadh.

Hamdok asserted that Saudi investors’ success in Sudan is a factor that would increase international investors’ confidence in the country’s investment environment.

He also highlighted the strategic relations between Sudan and Saudi Arabia, expressing his appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the Saudi government for their keenness to ensure that Saudi-Sudanese relations are at the best levels and are rising to the highest levels of economic cooperation.

Sudan is working hard to develop its financial and banking system, adopt the single-window system for investors and develop investment, land and tax procedures to create an attractive investment environment in the country, Hamdok explained.

Hamdok pointed out that the problems and challenges of fuel and energy supply, weak infrastructure, ports, and others represent promising opportunities for investors.

He also announced that a Saudi-Sudanese economic forum will be held to discuss promising investment opportunities and increase bilateral cooperation, noting that he will personally follow up on the investment problems faced by some Saudi investors.

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