The Saudi-Sudanese Business Council will form a committee to handle the issues of Saudi investments in Sudan.
Saudi investors in Sudan have expressed concerns about the unstable situation in the country.
An atmosphere of optimism prevailed about a promising future for Saudi investments in Sudan, in light of the positive economic and financial data that emerged recently, after the political agreement that reinstated the Prime Minister back to his position.
The Chairman Council, Hussein Bahri, told Asharq Al-Awsat that the Council monitored during the last period several challenges and obstacles facing Saudi investors in Sudan as a result of the current conditions.
The "crisis committee" will hold weekly meetings to address the challenges facing Saudi investments and tackle any complaints.
It called on Saudi investors facing investment problems in Sudan to reach out to the committee.
Bahri stressed the need to protect and secure Saudi investments and solve any issues related to ensure their influential role in supporting the Sudanese economy.
"Saudi investments in Sudan are estimated at more than $4 billion... We are fully confident in the officials' keenness to ensure their operations through the required efficiency and providing its requirements such as fuel, means of transportation, and production requirements," Bahri said.
The Saudi-Sudanese Business Council focused on these issues during recent meetings it held at the Council for Saudi Chambers. Interlocutors discussed the recent developments in Sudan and their potential impacts on Saudi investments, and the options available to deal with the challenges.
The committee is expected to develop a clear strategy to solve the issues facing the investments, with the necessity of activating the Saudi-Sudanese banking mechanisms after Sudan was finally removed from the US list of state sponsors of terrorism.
Saudi investors look forward to correcting the business environment and creating a climate that encourages investment, contributing to solving the economic crisis while offering ideas that attract investment.
Khartoum had earlier confirmed it would look into several lawsuits filed by Saudi investors in Sudan after confiscating their investment lands.
Sudan's minister of investment and international cooperation, Al-Hadi Mohamed Ibrahim, stressed the need to establish a strategic plan to solve the issues of Saudi investment, adding that he looks forward to activating the banking mechanism between the two countries.
Ibrahim estimated that about $35 billion worth of investments were expected to enter the country, but they stopped after the recent political developments.
