FDI in Sudan reaches US$20 billion

FOREIGN DIRECT INVESTMENT (FDI) in Sudan has increased to US$20 billion, a top official said. "The volume of foreign investments in the country reached more than US$20 billion as of the end of last year," Dr Mustafa Othman Esmail, adviser to the president of Sudan, told Gulf News.

Esmail announced plans to hold the first Sudanese-GCC (Gulf Cooperation Council) Forum in Khartoum in the near future. "The forum, which will be held under the patronage of the government of Sudan, would focus on the economic, social and cultural issues with a wide participation of the GCC states and Sudan. Several prominent figures, including economic experts, writers, academics and officials will take part," he said. He said that discussions were held with Abdul Rahman Al Attiyah, Secretary- General of the GCC, about details of the forum. "A charter has been worked out in this respect and it will be signed during the forthcoming visit of a delegation from the GCC Secretariat-General to Sudan.

The delegation will be headed by Abdul Rahman Al Attiyah," he said. Esmail said that there has been an agreement with the GCC to create a permanent Sudanese GCC Forum. "This forum will work to boost bilateral relations in the economic, cultural, social and economic fields," he said, adding that broad outlines have been worked out. We are anticipating that the visit of the GCC Secretary General, after the Arab Summit, to be held in Doha recently, would herald a new era in boosting the ties of Sudan and the Gulf states," he said.

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