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Hamdok Pledges to Carry Out Radical Reforms to Attract Foreign, Arab Investments

Hamdok Pledges to Carry Out Radical Reforms to Attract Foreign, Arab Investments

Thursday, 10 October, 2019 - 11:45
Sudan's new Prime Minister in the transitional government Abdalla Hamdok, addresses a news conference in Khartoum, Sudan August 21, 2019. REUTERS/Mohamed Nureldin Abdallah

Sudanese Prime Minister Abdalla Hamdok pledged to stabilize economic policies, carry out radical reforms in investment laws and remove obstacles facing foreign investors.

On the sidelines of his visit to Saudi Arabia and the UAE, Hamdok highlighted the obstacles facing Gulf investments in Sudan

Hamdok and his accompanying delegation discussed bilateral relations with both countries, said spokesman of the Sudanese government Faisal Mohammed Saleh.

Saleh noted that the talks focused on the economic situation in Sudan, describing the visits as positive.

In press statements on Wednesday, the spokesman said Hamdok held a successful meeting with Saudi investors, during which they discussed the economic situation in Sudan.

Hamdok also listened to the investors’ complaints on the unstable economic policies and obstacles facing them in regards to investment laws.

“The Prime Minister promised Saudi and UAE investors to remove all these obstacles and reform laws in various fields of investment," he said.

In an interview with Sky News Arabia on Tuesday, Hamdok stressed that aids provided by brotherly countries will contribute to solving the economic distress Sudan has been suffering.

He noted that these aids will also allow his country to import raw materials, such as fuel, wheat, medicines and fertilizers in the short term, and in the long term will help it solve its economic issues.

“We want to create an attractive environment for investment in Sudan, and we will develop laws to reassure investors,” Hamdok explained.

He added that his country has begun restructuring the body responsible for investment, which is the Investment and Competitiveness Council, pointing to Sudan’s need for investments in infrastructure and agricultural sector.

Hamdok affirmed that his government is striving to create added value in the Sudanese economy and expressed his ambition that its relationship with other countries could develop into investments since his country has the required potentials.

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