KUWAITI INVESTMENTS IN SUDAN AT USD 2.9 BLN – SUDANESE MINISTER

KHARTOUM, There are around 57 Kuwaiti investment projects, worth USD 2.9 billion, running in Sudan until 2016, said a Sudanese Ministerial official Friday.

Speaking to KUNA, Minister of State at Sudan's Ministry of Investment Osama Faisal said that most Kuwaiti ventures were focused within the agricultural domain with over USD one billion being pumped into this sector.

The official affirmed that the Sudanese people were grateful for the Kuwaiti keenness to invest in Sudan, revealing that around USD 1.8 billion and USD 105 million were being invested in the services and infrastructure sectors respectively.

Faisal affirmed that Sudan was eager to expand the scope of cooperation, revealing that his country will address the problems facing the development of business and commerce to attract more Arab and foreign investments.

There is a specific agreement with GCC countries to open new windows of opportunities for commerce and investments, said the official, affirming that the presence of more business in the country will help Sudan to further develop.

Sudan's priorities include achieving food security and developing the energy and industrial sectors, said Faisal who welcomed Kuwait and other countries to further invest in his nation.

Source: NAM NEWS NETWORK

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