Investment Minister renews Sudan's keenness to develop economic cooperation relations with UAE
Khartoum, August 23 (SUNA) – The Minister of Investment Dr. Mudathir Abdul-Ghani Abdul-Rahman reiterated, during a meeting at his office Tuesday with the Deputy Chairman of the Board of Directors of the Afag Islamic Group of the United Arab Emirates (UAE) for Finance Al-Sheikh Abdul-Jalil Abdul-Rahman Al-Bluki and the accompanying delegation, the keenness of Sudan for the development and consolidation of Sudan’s economic relations with the UAE and to pave the way for UAE companies and businessmen to invest in the country as to enhance the joint cooperation.
The minister extended briefing on the investment climate and opportunities in the country and the efforts of the state to provide a favourable environment for investment through simplification of procedures and provision encouraging incentives and laws to keep up the movement of investment at the world level.
The minister revealed existence of technical studies for investment projects which are ready for implementation and the ministry is now to promoting them as well as intensification of efforts to implement President Al-Bashir’s Initiative on the Arab Food Security, besides the concern with the in investment in the agricultural sector and livestock to increase production and to meet the consumption needs, explaining that Sudan enjoys huge animal resources a matter that stimulates the meat industry, fodder production and establishment of slaughterhouses and dairy products as well as the mining, the food processing and cement industry.
The Head of the UAE Delegation conveyed the desire of the group in the establishment of investment activities in Sudan in the fields of agriculture and animal products, expressing readiness of the group to carry out an agricultural project in the Northern State in an area of 100,000 acres, calling for the conduct of necessary studies to begin the implementation immediately. He also expressed desire to engage in mining projects and the banking industry through Mawarid (Resources) Group for Economic and Supporting Services for agricultural production, sugar industry, food industries and water purification projects as one of the complementary projects between the two countries along with the technological and networking projects where it was agreed during the meeting to provide technical studies for the proposed projects and detailed information to begin implementation.