Arab Today, arab today saudi investments in sudan exceed 13bn
Last Updated : GMT 17:36:58
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Secretary General Ahmed Shawur:

Saudi investments in Sudan exceed $13bn

Arab Today, arab today

Arab Today, arab today Saudi investments in Sudan exceed $13bn

Secretary General Ahmed Shawur
Riyadh - Arab Today

The Secretary General of the National Investment Authority Ahmed Shawur has affirmed that the Saudi investments in Sudan surpassed 13 billion dollars.
He explained that there was a significant advancement in the increase of the Saudi investments in Sudan, referring to the development of economic bonds between the two countries.
A Saudi investment delegation recently visited Sudan unveiled a royal directive issued by the Custodian of the Two Holy Mosques King Abdallah bin Abdal-Aziz on investment in Sudan, referring to the easiness of the procedures in Sudan in comparison with a number of other countries.
Shawur said, in a telephone call with Al-Sharq-al-Ausat (Middle East) Daily, that the investment delegations from Saudi Arabia did not stop. He explained that he was not surprised by the concern given by the Custodian of the Two Holy Mosques to Sudan in the economic domain, referring to the stance of the Kingdom of Saudi Arabia with Sudan in the international and regional forums.
He added that the directive of the Custodian of the Two Holy Mosques came within the framework of the strategic relations between the two countries within the context of Arabism, neighbourliness and the joint political, economic and social ties for the interests of the peoples of the two countries, but for the two Muslim and Arab nations.
Shawur praised support of the Custodian of the Two Holy Mosques to the initiative of President Al-Bashir he submitted to the Arab Economic Development Summit held in Riyadh last year, which found acceptance and support from all Arab leaderships in that summit.
The Secretary General of the National Investment Authority stated that the Saudi investments in Sudan were in increasing pace, where the kingdom of Saudi Arabia represents the first partner of Sudan in the investment field in all sectors, particularly in agricultural, industrial and service sectors. He added that Sudan and Saudi Arabia could play a pivotal role in filling the food gap in the Arab World, which has been estimated to 40 billion dollars.
Shawur asserted that Sudan recently implemented a number of brave and big strides to create an attractive investment climate through adoption of a number of legal and administrative reforms as well as application of one-door system.
Source: SUNA

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