Saudi investments in Sudan to hit SR30bn

09/02/2014 07:30 AST

The volume of trade exchange between Saudi Arabia and Sudan reached more than $ 4 billion dollars, and poised to hit $8 billion (SR30 billion), particularly after the first appearance of many new investments and large by the Saudi private sector, Abdulhafeez Mohammed Ibrahim, ambassador of Sudan to the Kingdom, told local media.

The Sudanese ambassador said the fifth session of the joint Ministerial Committee between both countries will be held in March.

The Saudi Ministry of Agriculture is organizing the meeting.

He said the previous meeting, held in Riyadh, came out with a very important recommendations, including the creation of “Fursas” company with a capital of $100 million. The company is assigned to carry out feasibility studies to enable the investor choose his areas of investment, whether in the field of agriculture, livestock, services or in real estate, he said.

The Sudanese ambassador allayed fears among investors related to the security situation in his country.

He said his country has recently issued new laws to protect Saudi investors and other traders. It has also moved to prevent double taxation.

Sudan provides a conducive environment for Saudi investors, he was quoted as saying the report.


Arab News

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
DARALARKAN 13.47 74,648,349

Recent News

Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap