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ARAB GULF STATES HAVE INVESTED 20 BILLION USD IN SUDAN

KHARTOUM, Feb 10 — Sudan’s Minister of Investment, Dr Mustafa Osman Ismail, has lauded the pioneering role of the Arab Gulf States in investing in Sudan with their total investments here now standing at 20 billion US dollars.

He told a media conference here Monday that efforts were being made to strike a deal on promotion of relations covering all fields with the six member States of the Gulf Cooperation Council (GCC).

Noting that the Gulf States also provided an important market for Sudanese products, he said the Gulf States had the capability to invest in food security projects.

The Minister, who reviewed the outcome of his recent visits to Saudi Arabia and Bahrain, stressed the importance of Sudan’s relations with the Gulf States.

He said agreement was reached with Bahrain to invest in cultivation of some 100,000 feddans (about 43,000 hectares) in Sudan’s northern states by making use of modern technologies from Bahrain.

The Minister also disclosed that preparations had been finalized for the establishment of six free trade zones with the neighbouring Gulf nations to open markets for Sudanese exports.

SOURCE: SUNA