Sudan minister says 124 projects with estimated investments of $18 bln allocated to Saudi Arabia

Saudi-Sudanese Investment Forum

Sudan’s Minister of Investment, Al-Hadi Ibrahim, said that six sectors have been allocated to Saudi Arabia, including 124 projects, with an estimated investment volume of about $18 billion.

During the Saudi-Sudanese Investment Forum in Khartoum, Ibrahim said that investments will be in railways, roads and ports, as well as in agricultural projects that might reach up to $2 billion.

The vital topics of interest for both countries in the economic sectors were discussed, including energy and electricity, mining, transportation, telecommunications, fisheries, and railways.

Negotiations were serious between the two sides and yielded excellent results, Ibrahim said, adding that Riyadh and Khartoum agreed that the final drafts, whether in understandings or agreements, will be drawn up in a meeting to be held in October.

He further said that one of the projects discussed was the expansion, rehabilitation and operation of ports efficiently. The Red Sea Ports Development Co. presented a full vision and proposal, with the response to be expected within the next 10 days, Ibrahim added.