South Sudan Says Looks Forward to Attracting Saudi Investments

The South Sudanese Minister of Foreign Affairs during his meeting with Saudi entrepreneurs in Riyadh on Wednesday, January 26, 2022. (Asharq Al-Awsat)
The South Sudanese Minister of Foreign Affairs during his meeting with Saudi entrepreneurs in Riyadh on Wednesday, January 26, 2022. (Asharq Al-Awsat)
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South Sudan Says Looks Forward to Attracting Saudi Investments

The South Sudanese Minister of Foreign Affairs during his meeting with Saudi entrepreneurs in Riyadh on Wednesday, January 26, 2022. (Asharq Al-Awsat)
The South Sudanese Minister of Foreign Affairs during his meeting with Saudi entrepreneurs in Riyadh on Wednesday, January 26, 2022. (Asharq Al-Awsat)

South Sudanese Minister of Foreign Affairs and International Cooperation Mayiik Ayii Deng has said his country seeks to bolster investment cooperation with Saudi Arabia.

His remarks were made during his current visit to Riyadh to discuss the massive investment opportunities in South Sudan.

He met on Wednesday with Saudi entrepreneurs at the Federation of Saudi Chambers (FSC) and underscored the investment opportunities in Juba, especially in agriculture, energy, livestock and fisheries.

Deng suggested forming a working group from the institutional bodies of the private sector in the two countries to advance bilateral economic cooperation.

He called on Saudi investors to visit South Sudan and be acquainted with the available opportunities, including the free economic zones that are set to be established.

Participants underlined the importance of concluding agreements that contribute to promoting trade and joint investments and constitute a strong institutional framework for future cooperation between the two sides.

Several Saudi investors and companies expressed willingness to invest in South Sudan.

Vice President of the FSC Tariq al-Haidari said the framework agreement signed between Riyadh and Juba could be considered a starting point to enhance bilateral economic ties.

He pointed to the importance of the role played by the business sectors, in light of the great opportunities available for developing trade and investment relations between the two countries.

Saudi businessmen are interested in investing in South Sudan, Haidari said, adding that it is a promising market for Saudi products and a gateway to African markets.

The volume of trade exchange between the two countries amounted to about SAR14.5 million ($3.9 million) in 2021, an increase of 74% from 2020.

Haidari stressed the need to bolster Saudi investors’ confidence by offering a stimulating and attractive business environment.



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
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Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.