Tuesday, 23 February, 2021 - 12:00
Saudi investments in the country are estimated at more than USD 6 billion, according to the head of the Joint Saudi-Sudanese Business Council. (Asharq Al-Awsat) Riyadh - Fatehelrahman Yousif
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.
Analysts expect the four-month suspension in Port Sudan to accelerate the launch of the Transit Trade Agreement between Egypt and Sudan and eventually bring economic and political benefits to Egypt.
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