Sudan’s Minister of Investment, Dr. Al-Hadi Muhammad Ibrahim, underlined on Monday a strategic plan to solve issues pertaining to Saudi investments in his country.
He said he was looking forward to activating the banking mechanisms between the two sides; after the removal of Sudan from the US list of countries sponsoring terrorism.
The minister also stressed the importance of Saudi investments in Sudan; as one of the most significant resources for the development of the Sudanese economy that provides job opportunities for the youth.
His remarks came during a virtual meeting with members of the Executive Committee of the Saudi-Sudanese Business Council. This is to discuss the main obstacles facing Saudi investors in Sudan at the request of Eng. Hussein Saeed Bahri, Chairman of the Council.
Bahri told Asharq Al-Awsat that the meeting focused on the reality and size of Saudi investments; the obstacles facing such investments; and the need to develop a clear strategy to solve related problems.
He added that the discussions emphasized the need to find a solution to the problem of ports and the means to provide fuel. In addition to reconsidering recent decisions to reclaim some lands owned by Saudi investors in Sudan.
He also quoted the Sudanese Minister of Investment as saying that Saudi investments would receive great attention from his government, as they currently constitute the biggest share of investments in the country.
The head of the joint business council pointed out that Saudi investments in Sudan were estimated at more than USD6 billion in agriculture, industry and the services sector, with a particular focus on agricultural and livestock projects.