|Role of UAE private sector in building Sudan's economy hailed
Role of UAE private sector in building Sudan's economy hailed
WAM Khartoum, Feb. 21st, 2010 (WAM) -- Dr. Mustapha Othman Ismail, Advisor of Sudanese President, has underscored the important role of UAE private sector in investment projects in Sudan, which reached to USD 2 billion in 2009.
He said this at a symposium held under the title "UAE-Sudan Relations" on the occasion of rehabilitation and reopening of Sharjah Hall at the University of Khartoum, which was funded by the Sharjah Chamber of Commerce and Industry, under the instructions of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council member and ruler of Sharjah to support relations between both countries.
He noted that Sudan is keen on facilitating and providing investment incentives to Emirati investors and businessmen. He also mentioned that economic relations between Sudan and UAE in the recent period have seen rapid development and seek to achieve economic partnership where UAE's investments in Sudan increased during the period from 2000 to 2007 and exceeded to USD 1.5 billion, included various economic sectors, particularly in financial sector, telecommunications, building materials industry, hotels and infrastructure.
The bilateral trade between the two countries jumped to about USD 600 million compared to a hundred million dollars in 2000, showing an increase of 600 per cent.
Dr. Mustapha Idrees, Director of Khartoum University hailed the care of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi that led to the completion of this scientific building.