Council of Arab Economic Unity Meets in Khartoum, Discusses Food Security

 A picture shows a view of The Nile river at the bridge of Tuti Island in the center of Sudan's capital Khartoum at sunset, on September 15, 2022. (AFP)
A picture shows a view of The Nile river at the bridge of Tuti Island in the center of Sudan's capital Khartoum at sunset, on September 15, 2022. (AFP)
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Council of Arab Economic Unity Meets in Khartoum, Discusses Food Security

 A picture shows a view of The Nile river at the bridge of Tuti Island in the center of Sudan's capital Khartoum at sunset, on September 15, 2022. (AFP)
A picture shows a view of The Nile river at the bridge of Tuti Island in the center of Sudan's capital Khartoum at sunset, on September 15, 2022. (AFP)

The Council of Arab Economic Unity (CAEU) kicked off in Khartoum on Monday its 144th session with the participation of Arab ambassadors, representatives of Arab federations, and undersecretaries of ministries in Sudanese officials.

The Council will hold its meetings until next Thursday under the slogan "Towards Closer Cooperation to Sustain Arab Food Security."

Sudan's Finance Minister Gibril Ibrahim said the meeting is being held under extraordinary economic circumstances due to the coronavirus pandemic, the Russian-Ukrainian war, climate change and its impact on food supply chains, economic growth, unemployment, and other factors.

Ibrahim explained that the challenges require solidarity and joint efforts to counter their impact.

The Council played a role in coordinating and mobilizing efforts of the public and private sectors to collectively face these challenges, taking advantage of the available opportunities and resources to create an attractive environment for Arab and international investments, he added.

The minister noted that in light of the regional and global economic conditions, collective action was the only way to resolve the issues, stressing that the public sector alone cannot face these challenges.

He called for empowering the private sector to play its role in leading Arab economies and activating and representing the economic effort.

Ibrahim called on Arab countries to seize Sudan's unlimited opportunities and potential in agriculture, livestock, agricultural industrialization, and infrastructure related to food supply chains.

Sudan is fully prepared to receive investors and facilitate all obstacles, he stressed, calling on Arab countries to invest in electricity.

Meanwhile, CAEU Secretary General Ambassador Mohammadi Ahmadi al-Ni urged the Arab private sector to invest in Sudan, saying the Council is seeking to achieve Arab food security given the socioeconomic crises and climate changes.

Sudan has all the agricultural potential and expertise that qualifies it to provide food security in the Arab region.

He called for legislative reforms to address the obstacles that are hindering the Arab private sector and foreign investors and adopt policies to strengthen the national economy in partnership between the public and private sectors.

In November, the Arab League summit in Algeria adopted Sudan's food security initiative.

The Council is one of the specialized technical bodies that assist in the administrative work of the Arab League concerned with the complete economic unity of the Arab countries.

The Council of Arab Economic Unity (CAEU) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, UAE, and Yemen in 1964, following an agreement in 1957 by the Economic Council of the Arab League.



Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)
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Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)

ROSHN Group, a pioneering real estate developer backed by Saudi Arabia’s Public Investment Fund, has introduced on Sunday a new identity and strategic focus that expands its remit to include asset classes beyond its core residential offering.
This transformation into a multi-asset developer cements ROSHN's status as a trailblazer in the real estate sector and sets the stage for an innovative approach to developing mixed-use projects and multi-asset destinations, the Group said in a statement.
It said the launch of ROSHN Group’s fresh visual identity signifies a milestone in its commitment to broadening its real estate portfolio and establishing integrated destinations that cater to society’s diverse needs.
The new portfolio will encompass ROSHN’s core asset classes of 200 million square meters of residential property, alongside over four million square meters of gross leasable area across retail, commercial, and hospitality sectors.
Its enabling assets will include education, mosques, and healthcare, while opportunity assets span transport and logistics, including warehouses, industrial parks, and knowledge hubs, as well as leisure and entertainment, ranging from entertainment centers to fitness hubs.
These projects will showcase an exceptional diversity of assets, creating investment opportunities, elevating living standards, and driving economic growth, the Group said.
“Our growing portfolio now seamlessly integrates forward-thinking amenities and elevated connectivity, fostering opportunities for commercial partnerships, job creation, investment, and economic growth in alignment with Saudi Vision 2030,” said Chief Marketing and Communication Officer Ghada Al Rumayan of ROSHN Group.
She added, “With our own evolution, this vision becomes even more tangible as we introduce our expanded approach and dedication to improving quality of life through iconic new destinations across the Kingdom.”
Al Rumayan said that ROSHN takes pride in its role as a leading real estate developer in the Kingdom with a vision to transform urban living.