The Egyptian investments in Sudan amounted to $ 2.3 billion, mostly in Khartoum State in fattening cattle projects and fodder cultivation at west Omdurman area, which is considered as one of the successful and of the large economic returns projects.
This was announced by the Minister of Investment Dr. Mudathir Abdul-Ghani in an interview with the Sudan News Agency (SUNA), which is to be published in the “Interviews Site” later. He referred to the Egyptian side’s desire to hold investment partnerships with their Sudanese counterparts, praising the Egyptian investments in fattening cattle, which have been carried on in a scientific basis, describing them as a successful model that can be adopted and expanded.
The minister pointed out to the new Egyptian investment projects including transit road project with the Egyptian Al-Zawaya Company through which a modern slaughterhouse will be implemented in the border area between the two countries, particularly that Egypt is the largest importer of Sudanese camels and cattle, praising the Egyptian investments in the fields of sugar, cement and banking system.
The minister disclosed that the best investments in the country included Chinese investments $14 billion, Saudi Arabia $11 billion and then UAE $6 billion. He added that Egyptian investments amounted to $2.3, Qatar $1.7 billion and Turkey $1.7 billion, in addition to the investments of the East Asian countries (India, Pakistan and Malaysia).
With regard to the efforts of the ministry to facilitate investment procedures and remove obstacles, he said that the problem of land causing disputes with the citizens was over the issuance of the constitutional decree issued by the President of the Republic on the nationalism of land so that currently there is no problems in investment lands, explaining that the state of Khartoum is now working to count its investment lands to be presented to investors, explaining that the successful partnerships, which their positive impact reflected to the citizens, contributed to the reduction of the problems.
Credit: All Africa