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News and Press ReleasesQatar invests 4 dollar sign billion in Sudan: Investment Minister reveals

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Qatar invests 4 dollar sign billion in Sudan: Investment Minister reveals

10-21-2014, 03:36 PM
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Qatar invests 4 dollar sign billion in Sudan: Investment Minister reveals

    Khartoum-Sudan’s Investment Minister Dr. Mustafa Osman Ismail has revealed that Qatar will increase its investments in mining in Sudan, besides expansion of various foods security projects, pointing out that Qatari investment in Sudan proceeds at continuous pace.
    In statements to Al-Raya newspaper on Monday, Ismail expected increasing of investments in Sudan especially after the completion of some country projects being worked on, adding that the size of the investment is estimated at more than dollar sign 4 billion.
    “Qatar invests in agriculture, mining, banking, real estate and other services." He said
    Sudan’s Investment Minister noted that Qatari investments and Sudanese-Qatari cooperation level will go away with convergence of the relationship between the two countries with a great desire to develop the bilateral and economic relations and in different investment areas, revealing that his ministry is working hardly to create suitable environment for attracting international capital to enter Sudan.
    He added that Sudan has conducted several courses on the legislative, executive and economic levels to reach attractive and stimulating approach which work to attract the foreign investment to Sudan.
    Qatar has been one of the few countries where Sudan enjoys relatively warm relations with. For years the rich Arab Gulf state has hosted peace talks between the Sudanese government and Darfur rebel groups which eventually resulted in the signing of a peace accord in 2011.
    Last year, Qatar announced that it will inject dollar sign2 billion of investments in Sudan including “the purchase of government bonds issued by the Sudanese government and investments in different sectors particularly mining, oil, agriculture and services”.
                  

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