Arab News, Wednesday, Nov 24, 2021 | Rabi Al-Aakhir 19, 1443
Saudi Arabia to double investments in Sudan to $2bn
Saudi Arabia:
Saudi Arabia aims to double investment in Sudan from SR4 billion ($1 billion) to
SR8 billion, Saudi-Sudanese Business Council Chairman Hussein Bahri told Asharq.
The council aims to fund new projects with
investors, local banks, the Saudi Agricultural Development Fund and other
financing agencies from the Kingdom, Bahri said.
He pointed out during the interview that the
Kingdom is interested in the agricultural sector for investment, in order to
keep pace with Saudi Arabia’s food security plan.
Bahri revealed the formation of a Crisis Committee
to deal with the challenges facing Saudi investments in Sudan, local papers
reported on Sunday.
Saudi Arabia has welcomed a new political deal
signed between Sudan’s military and Prime Minister Abdalla Hamdok.