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Sudan Pledges to Remove Obstacles Hindering Saudi Investments

Sudan Pledges to Remove Obstacles Hindering Saudi Investments

Tuesday, 14 September, 2021 - 11:00
Sudan’s Prime Minister Abdalla Hamdok. (AFP)

The transitional government in Sudan pledged to remove all obstacles that could hinder Saudi investments in the country.


President of the Transitional Sovereign Council, Abdel Fattah Al-Burhan, and Prime Minister Abdalla Hamdok separately met on Monday with the visiting Saudi delegation, headed by Minister of Environment, Water and Agriculture, Abdulrahman bin Abdulmohsen Al-Fadhli.


Burhan ordered the removal of all obstacles that could hinder Saudi investments in Sudan. The Sudanese prime minister, for his part, expressed his gratitude to the Kingdom for inviting his country to the Environment Conference that will be held in Riyadh in October.


Meanwhile, the proceedings of the Saudi-Sudanese consultative meeting concluded on Monday, with the two sides reached understandings on strengthening economic relations and opening the way for Saudi investments.


Khartoum and Riyadh also agreed to hold a forum for the two countries’ businessmen in the Sudanese capital next month, to sign new agreements and memoranda of understanding, as well as to discuss possible investment projects.


In this regard, Fadhli said that his visit to Sudan was aimed at searching for Saudi investments in several fields, including energy, mining, water, agriculture, livestock and others, in addition to strengthening cooperation and close relations between the two countries.


He added that the Chairman of the Transitional Sovereignty Council directed the removal of all obstacles that could hinder Saudi investments in the country.


The Sudanese-Saudi consultative forum discussed prospects for investment in the fields of agriculture, irrigation, livestock, energy, oil and electricity, mining, communications and digital transformation, in addition to transport and infrastructure.


The two sides agreed to form mechanisms to review the files pertaining to economy and investment, as well as the foundations and principles regarding a number of projects in different sectors.


Saudi investments implemented in Sudan over the past years exceed USD 15 billion, while the volume of trade exchange between the two countries amounted to USD 8 billion in 2019.


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