Egyptian companies to visit Sudan in search of investment

CAIRO – 9 December 2017: Three Egyptian companies will be visiting Sudan next week in search of investment opportunities in the fields of construction and pharmaceutical Industries, Islam al-Sadeq of Sudan’s Ministry of Investment said Saturday.

He said that the visit aims to study the Sudanese market, adding that Sudan offers many investment opportunities in agriculture, particularly to Egyptian businessmen.

Sadeq’s comments came on the sidelines of the Africa 2017 Forum in Sharm El-Sheikh.
He said that Sudan’s participation in the conference aims to build strategic relations with Egypt and showcase investment opportunities in Sudan in the fields of agriculture, industry and services.

Sudan has ready projects available for investment in agriculture for the production of wheat, corn and vegetables on an area that exceeds one million feddans across Sudan, Sadeq said.

He stated that a number of Arab countries have benefited from investing in Sudan, such as Saudi Arabia and the United Arab Emirates (UAE).

Sadeq added that his ministry is ready to share its expertise in the mining field with Egypt to help increase investments in this field in Egypt. He said that the mining field in Sudan is contributing by more than 25 percent to the country’s gross domestic product and that the field is open to foreign and local companies for investment.

Under the auspices of President Abdel Fatah al-Sisi, the Africa 2017 Forum kicked off in the Red Sea resort of Sharm El-Sheikh on Thursday and it ends today.