Saudi-Sudanese Investment Forum to Kick off in Khartoum

A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. (Reuters)
A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. (Reuters)
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Saudi-Sudanese Investment Forum to Kick off in Khartoum

A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. (Reuters)
A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. (Reuters)

The Saudi-Sudanese Investment Forum will kick off on Sunday in Khartoum, to discuss investment opportunities in various economic fields.

The forum will witness bilateral discussions and meetings between officials from both countries.

Saudi Minister of Environment, Water and Agriculture, Eng. Abdurrahman bin Abdulmohsen will participate in the forum, which will also be attended by the economic sector ministers from the Sudanese government.

Several Saudi businessmen and their Sudanese counterparts, commercial chambers, and business owners will also be present.

Sudan’s Minister of Finance and Economic Planning, Dr. Jibril Ibrahim told the press on Saturday that the forum is an extension of the meetings that were held in the Kingdom.

The forum aims to hold discussions with Saudi investors and to present the investment opportunities in all sectors including agriculture, minerals, oil, and renewable energy. Investment opportunities also cover activating the public-private partnership and the related laws.

Sudan’s Minister of Investment and International Cooperation Dr. Al-Hadi Mohamed Ibrahim hoped the forum would result in developing a comprehensive plan to optimize resources in Sudan.

The Saudi-Sudanese Investment Forum will continue until Monday.

Sudan’s finance minister had discussed with his Saudi counterpart Mohammed Al-Jadaan financial and economic cooperation while they attended the annual meetings of the Islamic Development Bank Group in Tashkent in Uzbekistan last week.

In July, Ibrahim visited the Kingdom and met with officials to discuss bilateral ties and means to develop them.

He was accompanied by Minister of Energy and Oil Eng. Jadin Ali Obaid Hassan and Minister of Investment Al-Hadi Muhammad Ibrahim.



Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
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Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat

Saudi Arabia’s Economic and Development Affairs Council has held a meeting via videoconference, discussing several issues, including the performance of the state budget, the Saudi Press Agency reported Saturday.
At the beginning, the council reviewed the quarterly economic report of the Ministry of Economy and Planning, which includes an analysis of key global economic developments, and the national economic progress. The Kingdom saw positive economic growth of 2.8% in the third quarter, SPA said.
The report addresses future national economic forecasts issued by relevant government entities, international funds, and agencies, as well as proposed insights and recommendations to address global economic challenges.
The council also reviewed the third-quarter report submitted by the Ministry of Finance, on the performance of the state budget for fiscal year 2024. The report includes a detailed overview of financial performance up to the end of the third quarter, covering revenue, expenditure, and public debt indicators.
It highlighted results reaffirming the Kingdom's continued support for development projects, strengthening social care and protection systems, and advancing the implementation of major projects and programs under Saudi Vision 2030.
This underscores the effectiveness of structural economic reforms, efforts in economic diversification, and the systematic approach aligned with the Saudi Vision 2030.
The council also reviewed the report of Ministry of Commerce presentation, regarding the report of Standing Committee for Price Monitoring for the third quarter of 2024.
The report addresses the roles of the entities participating in the committee, key insights during the specified period, global price trends, an overview of consumption patterns, price and inflation indicators in the Kingdom, and details regarding consumer goods prices in the third quarter. Moreover, it outlines the measures taken to ensure the availability of goods and strengthen stockpiles to maintain price stability.
The council made the necessary decisions and recommendations.