Sudan: Saudi Investments Issues Workshop Concludes Sessions

Khartoum — The Minister of Investment Dr. Mudathir Abdul-Ghani Abdul-Rahman expressed gratitude to the efforts undertaken by the Saudi private sector in the development of joint cooperation between the two countries

The minister said that the meeting came as a continuation of the workshop discussions on the investment issues within the context of the state growing concern over the Saudi investment in the country, during which his ministry intended to raise the investment issues with full transparency to find effective and sustainable solutions

He said that the opening of a business center at the Saudi Embassy in Khartoum would contribute to the joint coordination and continuous deliberation on the present and the future of the Saudi Arabia investment in Sudan, calling for joint action and collection of efforts to upgrade the Saudi investments in the country

The meeting discussed the investment issues and obstacles with regard to the energy, financial and banking procedures and infrastructure

The Head of the Saudi-Sudanese Business Council Hussein Saeed Bahry called for effective mechanisms to develop practical solutions for the issues of energy and banking and financial measures to the investors, adding that Sudan is a rich country with resources, stressing the need for concerted efforts to resolve the existing obstacles, adding that the strategic economic relations between Saudi Arabia and Sudan encourage moving forward towards resolving those issues, calling on the concerned ministries to consider the investment issues as circles connecting to each other.

A number of Saudis investors spoke at the meeting, assuring improvement of investment climate in the country, demanding removal of all existing obstacles, especially with regard to the energy

The Ministers of Agriculture and Industry and State Ministers for Finance and Minerals, who attended the meeting, extended briefings over the state's policies toward the development of resources through investment, admitting existence of some problems in the light of Sudan's economic conditions and the blockade imposed upon it, particularly with regard to the generation of sufficient electricity energy and infrastructure, pointing to the efforts being exerted to overcome those obstacles.

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