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سفارة جمهورية السودان ببرلين

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SDN-1Sudan Business Profile

EU, UNIDO sign agreement to foster employment opportunities, economic growth in Sudan

EU

The delegation of the European Union (EU) and representative of the United Nations Industrial Development Organization (UNIDO) have signed an agreement to implement a project to foster employment opportunities and economic growth in Sudan, said EU delegation in Sudan in a statement Thursday.

“The project is funded by the European Union through the EU Trust Fund for Africa, and its Regional Development and Protection Programme (RDPP) in the Horn of Africa, in which Sudan participates,” the statement said.

It added that the fund “reiterates the EU’s strong commitment in addressing the root causes of displacement and irregular migration from Africa to Europe. The EU will provide 3 million euros (about 3.2 million U.S. dollars) to the newly signed project.”

According to the agreement, UNIDO will implement the project over a period of three years.

 23.03.2017

FATF: Sudan Is Innocent from Financing Terrorism and Money Laundering

FATF 

Sudan has received a certificate of innocence from the Financial Action Task Force (FATF) and that for its commitment of the requirements of anti-money laundering and the financing terrorism.

The Director General of the Financial Information Unit at the Bank of Sudan Haidar Abbas said that the decision to remove the name of Sudan is a certificate for Sudan of its ability to combat money laundering and terrorist financing crimes, noting that the regional and international institutions have been achieved Sudan’s commitment to improving its image that drawn by the 2004 report.

He stressed that there are positives resulting from this decision, where Sudan had the support from donor support fund (2017-2018), in addition to many requests to open accounts and expectation of financial flows from the ​​regional and global areas.

He also stressed that the decision provides many opportunities to create correspondent relations for the financial sector and it leads to activate trade exchange between Sudan and the outside world.

Haidar considered that the Sudan commitment and cooperation with the international community could find a solution for its foreign debt, adding that the decision confirms the applying of financial system for preventive measures adequately and adhere with the international standards.

He also stressed that the Sudan assessment has positive impact on labor relations and banking operations, it also helps in the flow of cash and contributes to increasing the movement of capital to and from Sudan.

In 2015 Sudan’s removed from the list of countries that have deficiencies in their legal and regulatory framework as related to combating money laundering and financing of terrorism.

The Financial Action Task Force (FATF), an inter-governmental established in 1989 to set these standards, congratulated Sudan and Ecuador “for the significant progress made in addressing the strategic AML [Anti-Money laundry] /CFT [Combating the Financing of Terrorism] deficiencies earlier identified by the FATF and included in their respective action plans”.

The FATF is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. In collaboration with other international stakeholders, it works to identify national-level vulnerabilities with the aim of protecting the international financial system from misuse. For this reason the body has developed a series of recommendations that are recognized as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.

23.03.2017

 

Ministry of Water Resources to Set up Central Laboratory for Water

MutazMusa 

 

Minister of Water Resources, Irrigation and Electricity, Engineer Mutaz Musa has announced establishment of Central Laboratory for Water.
The Minister, who was addressing celebration marking the World Water Day organized by Ministry of Water Resources in collaboration with the Natioanl Committee for Education, Sciences and Culture at Martyr Mahmoud Sharif Hall at The Sudanese Company for Electricity Distribution , Wednesday, affirmed that the World is moving towards acute crisis of water due to climate change and global warming , pointing out that growing of the population growth decreased size of per capita water supply.
Engineer Musa stressed importance of rationalization of uses of water resources and minimizing water pollution for protection of environment , indicating that Sudan is situated in arid belt with growing demand for water , a matter which requires making control over squandered water.
Representative of World Health Organization(WHO) in Sudan, Ahmed Hamdan revealed that 240 persons World-wide have been infected by diseases transmitted through water but , he added, Sudan is better compared with other countries , announcing provision of technical support and training opportunities to Sudan.

23.03.2017

Abdul-Ghani: Syrian Investments in Sudan Came the Second in 2016

 MiniInvest

Minister of Investment, Modathir Abdul-Ghani announced that a Sudanese-Syrian Investment Forum would be held during the coming period. Receiving Syrian businessman, Dr Bashar Samaha and presence of Syrian Ambassador to Sudan, Habeeb Abbas, he Minister unveiled the volume of Syrian investments in Sudan in 2016 came the second compared to big ten investors in Sudan, describing growing of Syrian investments as good indicator for improvement of investment environment in Sudan.
He indicated to concern of President of the Republic with Syrian investments and his directives regarding easing obstacles impeding them, referring to the Ministry efforts to make conducive environment for investment via procedural and legal reforms.
The Syrian Businessman, Bashar said that his group ha capabilities and experiences in field of real estate development, referring to the Group's investments in Sudan in fields of agricultural and real estate development.
Ambassador of Syria, on his part, said the Syrian-Sudanese relations were deeply rooted , underlining the Embassy full cooperation with the Ministry to promote for Syrian Investments Forum in Sudan by mobilizing Syrian businessmen and investors to take par in the gathering with aim of consolidating economic cooperation and attracting more Syrian investments.

23.03.2017

 

Finance Minister meets AFROSAI Organization Delegation on dissemination of audit international standards

FinanceMinister

The Minister of Finance and Economic Planning Badr-Eddin Mahmoud Abbas has stressed the role his ministry plays in the achievement of mandate on the public money and its protection.
This came during a meeting with the President of the AFROSAI Organization delegation for the circulation of the audit international standards, referring to the Sudan contributions as a member of the organization assuming the position of the Auditor General.
The minister explained that the ministry would work to benefit from the application of the organization's publications and the opening of training and capacity building opportunities for the employees of the Internal Audit, the Chamber of Accounts and the Chamber of Auditing General to develop the accounting profession, revealing that the visit of the organization's delegation came within the framework of the rehabilitation and development of the audit in Sudan through the programs offered by the organization for its employees through training and capacity building of accountants and internal auditors.
The Minister of Finance briefed the delegation of the organization on the financial performance in Sudan at its different federal, state and local levels, referring to the systems applied by the ministry in economic reform including computerized programs such as the one-treasury system, government resource planning system, payroll computerization.
Meanwhile, the Head of the organization's delegation explained the organization objectives and programs it provided such as supporting the development of the accounting profession and the internal audit through training, capacity building and technical assistance.

=========== 14.03.2017

Meeting with Arab Funds on Funding of Arab Food Security Study to be held in Khartoum next May

The Minister of Finance and Economic Planning Badr-Eddin Mahmoud Abbas has praised the advanced and growing relations between Sudan and the Arab Fund for Economic and Social Development (AFESD), referring to the AFESD alignment with Sudan in the most difficult circumstances at a time when many others refused to support it. This came at his meeting on Wednesday with the chairman of the AFESD Technical Department Ahmed Osman Ali.
The Minister of Finance revealed convening of a meeting in next May in Sudan with the participation of Arab funds to Finance Food Security Study, referring to the AFESD role in financing a number of studies including the study of Arab food security on the Sudan capabilities in the fields of agriculture, water resources, sugar industry and meat production besides the edible oils, establishment of infrastructure and the agricultural research.
The Minister of Finance lauded AFESD role in financing the dams of Merowe, Rosaries, Upper Atbara and Setit and Rahad canal, calling the fund to complete its efforts in the canals of Kenana and Rahad, Merowe Dam, Upper Atbara and Setit dams.
For his part, Chairman of the AFESD Technical Department underlined completion of the study of President Al-Bashir's Arab Food Security Initiative, which AFESD financed through grant prepared by German company, revealing that it is now under review of the Minister of Finance prior to be submitted to the Arab funds in the Khartoum meeting, which is scheduled to be held next May in Khartoum.

============ 14.03.2017

 Sudan's animal resources meet the population needs in full

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The Minister for Animal Resources, Professor Musa Tibin Musa, has underlined that the animal wealth in the country meet the population needs in full and contribute at the same time in bringing home hard currency to the national coffer at between 20-23% from the overall foreign currency income.
He said these resources help the states and localities all over the countries, providing local tanneries and other animal related activities with inputs and help with the taxes received from the animal owners
The Minister who was addressing the 8th forum on knowledge exchange for the sustainability of nomad development, the experience of peace and development in the Sudan, stressed that his ministry pays particular attention to the nomads, producers and the modernization of the traditional sectors. 
He pointed out that one of the means to modernize the sector is to provide alternative for animal fodders through establishment of factories to this end, improvement of cattle species and preservation of the safety and health of the national herds. 
The Undersecretary, Dr. Kamal Tajul Sir, has meanwhile commended the forum which brings together different experiences and exchange of expertise to help with sustainable development and boost peace and peaceful coexistence among the nomadic communities.

=========14.03.2017

Sudan to Address Foreign Debt

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The Sudanese Finance Minister, Badr Eddin Mahmoud, declared the intention to address foreign debt with the country’s senior creditors, on the sidelines of the spring meetings in Washington, which will be held from 21 to 23 April in the United States.

According to unofficial statistics, foreign debt of Sudan nears to USD55 billion, including an Arab debt, which amounts to USD10 billion. That’s equivalent to 450 trillion Sudanese pounds.

Mahmoud said, in a press statement after his meeting Sunday with the World Bank representative in Khartoum, Xavier Vartado, that they would begin providing information and data on external debt, and prepare a paper for submission during the meeting with creditors.

He demanded the representative of the World Bank to support Sudan to normalize its relationship with the international community, and to integrate its economy into the global economy, and normalize the relations between the Sudanese and American banks, and facilitate remittance operations and trade exchange.

It is noteworthy that thousands of government officials and civil society organizations are invited from academia and the private sector, mobilize in Washington every year, to attend the spring meetings of the World Bank Group and International Monetary Fund

13.03.2017

 

More US And Canadian Mining Companies Wish to Invest In Sudan

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The Sudanese Minister of Minerals, Ahmed Al Sadiq Al karuri, held a series of meetings with US and Canadian companies during his participation in the international mining forum held in Canada on last week, for the purpose of inviting them to invest in Sudan, especially in the minerals sector.

The minister said in press statements at Khartoum Airport on Friday after returning from Canada that he met with his Canadian counterpart, the Minister of Natural Resources, and discussed with him ways to bring Canadian companies to invest in the mining sector in Sudan.

  He pointed out that there are two Canadian companies are investing in this sector in Sudan, also revealed that he met with some new Canadian companies and a number of US companies that have shown interest in investing in Sudan

Al Karuri pointed to meeting, which join of more than 30 ministers of minerals of all nations, wherehave been deliberatedon the various mining issues and reversed their countries’ experiences, noting that the forum included lectures by specialists and experts in the field of..

 13.03.2017

 

Al-Basher Meets UAE Investment Delegation

Albashir Zayed

President of the Republic, Omer Al-Basher has directed the authorities concerned to give due concern to the Arab investments in Sudan, specially, the UAE investments .
This came when the President received, Tuesday, at the Guest House, a delegation representing the UAE investors accompanied by the Minister of Investment, Dr. Mudather Abdul Ghani .
Dr. Abdul Ghani has affirmed following the meeting that the delegation discussed with President Al-Basher establishment of big investments in the fields of services, mining, gold, tourism and industry

 

 

Sudan: Significant Damage Due to US Economic Sanctions

The Sudanese Government said today that the measures imposed by the United States since 1997 had affected its economy and caused the loss of $45 billion USD, according to Sudanese minister of Finances and Economic Planning, Bard-Eddin Mahmoud Abbas

‘The sanctions that the United States imposed on us two decades ago Barack Obama’s Administration canceled in January, seven days before finishing his term of office, increased the incapacity by Sudanto pay its foreign debt.’

Those losses affected, in a great extent, sectors such as transportation, industry and agriculture, he said.

The minister highlighted that the decision by President Obama to lift the sanctions against Sudan ‘would lead to an increase in foreign transactions and favor financial transactions, something that in turn would increase the number of development projects.’

 

Sudan Reopens For U.S. Businesses

AmericanShipping Line

After decades of Chinese and Arab investment, Sudan is once again open for U.S. businesses, government officials told a gathering of reporters at the National Press Club in Washington D.C. Thursday.

Many of the U.S. government sanctions were lifted in the closing days of the Obama Administration, opening the door to American investors for the first time in more than 25 years.

“If we could find investment from the U.S. that would be the best possible source of investment in our country,” said Ibrahim Ahmad Omar, speaker of the parliament. Sudan hopes to pivot away from Chinese technology to that of world-leading American and European companies.

The Trump administration had not commented on Obama’s end-of-term decision to end most sanctions on Sudan. Some sanctions remain and the U.S. State department continues to list Sudan as a state sponsor of terrorism, a designation which imposes other economic limits on Sudan.

Echoing President Obama’s remarks, Omar attributed that decision to the ongoing peace process that has dramatically reduced tensions in his country of 40 million, mostly Arabic-speaking residents.

Sudan’s civil war, which had raged since 1983, officially ended in 2006. “Given our ongoing reconciliation process, Sudan is the most stable country in the region compared to South Sudan and the Central African Republic,” Omar said, mentioning two of Sudan’s neighbors which among the poorest and most violent on Earth.

The largely Christian south voted overwhelmingly for independence in 2012, which was immediately agreed to by Khartoum. So Africa’s largest nation divided into two, Sudan and South Sudan. While South Sudan received almost three-quarters of oil reserves and a tremendous amount of U.S. and European aid, it soon devolved into a war pitting tribe against tribe, Christian against Christian. As war parties crisscrossed the new nation, oil production all but ceased. Farms were ravaged and flocks scattered. This past month, the United Nations declared that South Sudan was officially suffering from famine.

Meanwhile, the former northern half of Sudan enjoyed a durable peace for the first time since its independence from Britain in 1956. Yet prosperity did not follow, as the sanctions, imposed during the war with the south and human-rights crisis in Darfur, lingered. As Sudan endured decades of Western sanctions, its government and businesses turned to Chinese, Indonesian and Arab firms and investors. The Chinese, especially, hold commanding shares in Sudan’s oil and telecommunications sectors. Without spare parts for its Western-made machines, Sudan’s aircraft were grounded and railways slowed. Now, with sanctions easing, these troubles are presented as opportunities for foreign investors.

In making the pitch for foreign investment, the speaker of the Parliament highlighted two strengths: Sudan’s strategic location on the Red Sea which, he said, makes it an ideal shipping point for products headed toward the Mediterranean in one direction and the resource-hungry Gulf Arab states in the other. Second, is Sudan’s domestic economy, where demand outpaces local production, creating an opening for foreign direct investments. In addition to its oil industry, Omar cited his nation’s production of cotton, sesame, gum Arabic and sugar. Sudan is the world’s largest producer of gum Arabic, a key ingredient in Coca-Cola and other soft drinks.

Sudan is also one of the Africa’s largest producers of sugar, coming in just behind Egypt and South Africa. The crop, often called “White Gold,” faces growing demand both in Sudan and on the Arabian Peninsula. Sudan also produces actual gold, some 40 tons per year are exported through Port Sudan.

Sudanese President Omar al-Bashir focused on sugar during remarks at the 3rd Arab Conference for Agricultural Investment held in Khartoum on Monday. He noted that Sudan hopes to use date production to produce 22 million tons of sugar in the coming years, an amount which would help meet an annual shortfall of 11 million tons with the Arab world.

Business interest in Sudan has already begun to percolate in the six weeks since sanctions were softened. One of the first companies to jump into the fray is the East Africa Assistance Corporation (EAFAC), the newly formed company sees opportunities to bring American management and investors to the Sudan.

James Bothwell, senior vice president for EAFAC, said his company is trying to lay the foundation for opportunity. Part of this effort involves bringing modern American management techniques to the long-isolated country. “Sudan’s greatest asset is its people,” Bothwell said. “It’s a country that is changing rapidly, and we see great opportunities and need for assistance and expertise.”

Bothwell said his company is also working to expand the business links between the two countries, including an effort “to establish the first direct commercial air links between the Sudanese capital of Khartoum and Washington D.C.”

EAFAC’s President is John Shoreman, who is also chief counsel for the American Media Institute.

The company sees Sudan as a country with immense agricultural potential, where there is a serious need for investment infrastructure. There are also opportunities in natural resource extraction and manufacturing. The Sudanese have made immense strides in manufacturing.

“On my last trip to Sudan, I went to see the pyramids north of Khartoum,” Bothwell said. “I was struck by the fact that the Bedouins there were using satellite dishes and the Internet to try and attract more foreign business. This is a country hungry for greater involvement in the global economy.”

Source: https://aminewswire.com/stories/511087028-sudan-reopens-for-u-s-businesses

Arab Banks Union Pledges to Draw Roadmap of Productive Projects for Sudan

 ArabBanksUnion

The Minister of Finance and Economic Planning, Badr Al din Mahmoud has disclosed the total losses incurred by Sudan due to economic blockade are estimated at

US$45 billion according to the unified Arab report which included all the economic sectors  like agriculture, health… etc,
Badr Al din said while addressing yesterday the Forum of Importance of Lifting of Economic Sanctions and their positive reflections on the economy and the Arab banks, that the impact of the sanctions has incurred losses of lots of external transactions of banking on the Sudanese banks due to the fact that the international banks are fearing imposition of American sanctions on them 
He added that many regional agencies have participated in lifting the economic blockade, top of which is the banking union, and this means to Sudan a lot of good tiding, which is a new phase for restoring the financial and commercial transactions with world countries. It also means resuming the policies of liaison to guarantee stability from the rift with the different countries of the world like America and Europe and integrating the economy with these countries as well as integrating the private sector of Sudan with them.
He said this also means portraying investment opportunities in Sudan as well as adhering to the policies, legislations, Acts and the international standards of the international banks.

President of the Republic welcomes investors from the World countries including Americans

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President of the Republic, Omer Al-Bashir has welcome investors from all countries of the World including Americans. He affirmed during meeting with the visiting US businessmen delegation at the Guest House, Saturday, concern of the Presidency of the Republic and the Higher Council for the Investment with investment and investors who come from all countries of the World.
Former Congressman and member of the delegation, Greg Laughlin said in a press statement, that they came to see opportunities of investment in Sudan and that they met the President of the Republic to inform him that they want to invest and to forward the American technologies to Sudan, adding that the President has told them that he want to see better relations between Sudan and US.

He added the President has welcomed them with a full courtesy and that they told the President the delegation would visit Sudan again for further interaction between American and the Sudanese businessmen and companies.
State Minister for Investment, Osama Faisal said the President asserted to the delegation of the American businessmen Sudan welcome to investors from all World countries including American investors .
He pointed out that the meeting underlined the World desire to make use of Sudan's Investment opportunities and tremendous resources.

British Envoy to Sudan and South Sudan Welcomes Outcome of Dialogue

 
The British envoy for Sudan and South Sudan, Christoph Trot, has welcomed the outcome reached by the Sudanese national dialogue. In an address he gave at a festival held Wednesday by Sudan Embassy to the United Kingdom, Trot has expressed the British government's optimism over Sudan government to keep the door open for the parties that did not take part in the national dialogue.
He also welcomed lifting of the American sanctions on Sudan, describing this move as a historical opportunity.He urged Sudan government to go ahead realizing more progress in all the different tracks, referring to the positive impact of the lifting of sanctions on the trade and economic exchange between Britain and Sudan.
Trot has welcomed the decision of Sudan government to accept arrival of humanitarian aid in South Kordofan and the Blue Nile, calling on the People's Movement - North Sector - to accept entry of humanitarian aid in the two regions.
He described as exceedingly successful the visit paid to Sudan by the Undersecretaries of the British Foreign Ministry and the International Development Ministry.
At the outset of his speech, the British envoy for Sudan and South Sudan has referred to the deeply-rooted ties between Sudan and the United Kingdom, describing the relations between the two countries as stronger than in time before.
He affirmed the keenness of Britain to deal, pursue dialogue and to establish cooperation with Sudan in all domains.

 

Minister of Minerals receives invitation from his Canadian counterpart to participate in Ministers of Minerals' World Summit

 

The Minister of Minerals, Dr. Ahmed Mohamed Sadiq Al-Karuri has received an official invitation from his Canadian counterpart Jim Carr to participate in the World Summit of the Ministers of Minerals and attend the World Forum on Mining and Development, which is held annually in Toronto with the participation of mining specialists experts representing different mining investment private and government sectors as well as a number of universities and scientific research centers from all over the world and the companies working in the field of mining techniques.
This came during a meeting at his office Sunday with the Canadian Ambassador in Khartoum Salahuddin bin Dawood, in the presence of the Deputy Director of Eastern and Southern Africa Department at the Canadian Foreign Ministry Matthew Lukin.
The Canadian ambassador stressed his country's desire to encourage Canadian companies operating in the mining field to invest in minerals in Sudan.
For his part, the Minister of Minerals welcomed the invitation and affirmed Sudan participation in the forum, adding that its participation in the event this year in particular comes in better conditions after the partial lifting of US economic sanctions on Sudan, which was hindering the flow of American and Canadian capital to invest in minerals in Sudan, adding that he expects occurrence of development by taking advantage from the mineral resources by the flow of American and Canadian investment to the mineral sector in Sudan

 

Intl Cooperation Minister praises Arab countries' cooperation on migration issues

IntlCooperation

The Minister of International Cooperation Osman Ahmed Fadl Wash has praised cooperation of Arab countries and the world with Sudan on migration issues and exchange of experiences.
The minister pointed out, after a meeting Saturday with Arab delegations including Egypt, Morocco, Lebanon and Palestine at the Corinthia Hotel, to the participation of the officials of the immigration issues in other countries, experts and scholars abroad in Conference, which is being held these days in Khartoum.
Wash said, in a statement to SUNA, that the meeting came within the framework of the Migration Management Program and invitation of the experts to contribute to the nation-building along with their counterparts from Arab states to contribute to the exchange of expertise with Sudan.
The minister explained that the conference would discuss ways to benefit from the experience of Sudanese working abroad, referring to the movement of migrants who contributed to the construction of other countries and came back and contributed to the development of their homelands, stressing importance of taking advantages of the experiences of others, revealing that the immigration has become one of the core issues that haunts the world.
For his part, the Deputy Secretary General of the Organ of the Sudanese Expatriates' Affairs Abdul-Rahman Sidahmed affirmed that the purpose of the meeting was to realize integration of knowledge through collaboration with the countries having similar profound experiences, explaining that the Sudan experience is unique in the field of immigration, adding that we are keen to achieve integration with other countries.

Minister of Oil and gas meets American businessmen delegation , and Norwegian delegation

The Minister of Oil and Gas Dr. Mohamed Zayid Awad has welcomed the desire of American companies to invest in oil and gas sector in the country.
This came during a meeting he has held with the American businessmen delegation, pointing out that the United States of America's companies have the pioneering role in exploring Sudan's oil since the fifties of the past century such as Chevron and Shell, reviewing the promising opportunities in the sector of exploration and production of oil and gas as well as the processing of associated gas from the productive fields, in addition to the construction of refineries, storage depots and oil utilities such as pipelines to transport crude oil and derivatives to all parts of Sudan in the cities consumption centers including industrial and agricultural sectors according to the ministry's plan.
Dr. Awad stressed that the ministry has prepared the data and feasibility studies for all projects set for investment in the oil and gas sector prior to be announced in a global tender by the ministry during the coming period.
The member of the delegation Mrs. Creek said that the group of the American businessmen came to Sudan to get acquainted with the investment opportunities in Sudan, stressing their desire to invest in a number of vital areas such as energy, agriculture, transportation, aviation, minerals, oil, gas and technical services as the companies enjoy high global expertise and competencies in all these fields.

Meanwhile Minister of Oil and Gas, Dr Mohamed Zayed Awad received in his office at the Ministry the visiting Norwegian delegation within framework of the Cooperation Protocol between Sudan and Norway known as "Oil for Development."
The Minister listened to a briefing from the Norwegian side about outcome of the natural gas workshop set to lay base for exploration, development and extraction of natural gas as well as how to make use of gas accompanying oil production.
Ministries of Finance and Economic Planning, Water resources, Irrigation and Electricity and Agriculture as well as Central Bank of Sudan, The High Council for Environment and specialized research centers took part in the workshop.
SUNA Noted the Cooperation Protocol between Sudan and Norway includes holding training workshops, besides cooperation in field of oil and gas technology.

Mahmoud Affirms Sudan Keenness to Strengthen its Relations with Arab Union for Investment and Estate Development

Ibrhim Mohmoud

Khartoum  - The Undersecretary of the Ministry of Investment Dr. Najm-Eddin Hassan Musa reviewed, at his office Wednesday with the Undersecretary of the Foreign Ministry in the Kingdom of Bahrain Wahid Mubarak Sayyal, the bilateral relations between the two countries and ways to boost them further through the joint economic cooperation and expansion of Bahraini investments in Sudan.

The meeting emphasized importance of holding economic forums for investment promotion in Sudan, particularly in the agricultural sector. 

Musa extended detailed explanation on the climate and opportunities of investment as well as the recent economic developments in Sudan, revealing that his ministry is promoting strategic investment projects focusing on agriculture and processing industries.

For his part, the Undersecretary of the Foreign Ministry in Bahrain said that his visit aimed at getting acquainted with the investment opportunities and possibility of attracting businessmen to invest in Sudan in the fields of agricultural production, industrial raw materials in addition to the laws, guarantees and encouraging incentives, referring to the possibility of benefiting from the free trade agreement between Bahrain and the United States of America to develop the joint exports sector .

The two sides agreed upon holding of economic, investment and promoting forum in Bahrain in collaboration with the private sector in two countries besides establishment of a joint business council to look after the consolidation and development of Bahraini investments in Sudan.

FVP Briefed on Situation of Petroleum bi-Products

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Khartoum  - The First Vice-President of the Republic, General, Bakri Hassan Saleh was briefed, Thursday, on the situation of the petroleum bi-products .

This came when the FVP met, at the Council of Ministers, the Minister of Oil and Gas, Dr. Mohamed Zaid Awad who said in press statements, following the meeting, that General, Saleh gave directives for the increase of oil production and holding of emergency meeting to review the oil production situation in accordance with the developments in oil international prices and the lifting of US economic sanctions imposed on Sudan .

The Minister has pointed out in press statement that he briefed the FVP on the outcomes of the recent visit of the President of Belorussia to Sudan, last January and the directives of the Presidents of the two countries in this connection .

ADFD Loans Sudan $90m to Build Hydroelectric Plant

 AtbaraSetitDam

The ABU DHABI FUND FOR DEVELOPMENT (ADFD) has contributed a $90m concessionary loan for the completion of a 320 megawatt (MW) hydroelectric power plant in eastern Sudan.

ADFD officials attended the official opening of the Upper Atbara and Setit Dam Complex plant, which was inaugurated by Omar Hassan Al Bashir, president of Sudan.

The $1.9bn Upper Atbara and Setit Dam Complex includes Rumela Dam on the Upper Atbarah River and Burdana Dam on the Setit River. The twin dams have a total storage capacity of 2.7 billion cubic metres of water.

The project makes use of natural water resources to reinforce agriculture production and generate much-needed electricity, state news agency, WAM reported.

It also led to the construction of schools, mosques, transportation infrastructure, healthcare centres, and 11 housing communities.

The complex is expected to provide efficient irrigation systems and networks to increase agricultural production in New Halfa area.

Mohammed Saif Al Suwaidi, director-general of ADFD, said: “ADFD remains committed to supporting the Sudanese government in achieving the country’s developmental goals.

“In line with our mission to fund key sectors that yield significant benefits, our latest project goes a long way in serving the needs of the Sudanese population.

“The plant not only provides a sustainable source of energy, but also helps expand agricultural areas, increases irrigation efficiency and enhances food and energy security.”

Apart from giving a major boost to the national power grid, the project supplies drinking water to thousands of people in the region and irrigates large expanses of fields, growing agricultural produce for domestic and international consumption, Badr El-Din Mahmoud Hamid Abbas, Sudan’s minister of finance and economic planning noted.

Sudan To Agree WTO Membership This Year

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Sudan wants to finalise its membership of the World Trade Organization this year, its international cooperation minister said on Wednesday as he reopened talks on joining the world body after a 13-year hiatus.

“Today, I am really hopeful that we, the Sudanese delegation would be able to convince you that all of our efforts and your efforts back then have been rejuvenated,” Osman Ahmed Fadul Wash told the WTO meeting, according to a WTO transcript.

To reactivate the process, Khartoum had “carefully and tirelessly” worked on an updated memorandum on its foreign trade regime, a legislative action plan and other documents setting out its plans to comply with WTO rules.

Sudan first applied to join in 1994 but its journey towards membership has been in limbo since March 2004, at a time when its government was being accused of a widespread campaign of killing and looting in western Sudan.

Wash also welcomed an executive order by former U.S. President Barack Obama on Jan. 13 to lift a 20-year trade embargo and remove financial sanctions on Sudan after 180 days, provided Khartoum acts further to improve human rights.

“We believe this resolution will contribute towards increasing trade, attracting foreign direct investment and end the economic isolation that affected the Sudanese citizens for two decades,” he said.

Sudan will have to get approval to join the WTO from all other members, including the United States, which still considers it to be a state sponsor of terrorism.

The Japanese diplomat chairing Sudan’s accession talks, Ryosuke Kuwana, said the WTO accession process was an integral part of Sudanese economic reforms.

“I believe that due to the size of Sudan and its strategic location bordering seven countries … its accession has broader implications to the region where the largest number of the acceding governments is concentrated in the African continent,” he said.

Since Sudan last held talks on joining the WTO, new rules have been introduced to ease membership for least developed countries, which mean Sudan’s bid to join the current 164 members could go much quicker than 13 years ago.

The Sudanese meeting is the second rekindling of WTO accession talks within a week, after Belarus came back to restart negotiations following a 12-year break.

Other countries still outside the trading club include Algeria, Azerbaijan, Equatorial Guinea, Ethiopia, Iran, Iraq, Lebanon, Libya, Somalia, Syria, and Uzbekistan.

 Sudan, Kenya Agree to Increase Investment and Trade

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Sudan and Kenya agreed during the first Sudanese Kenyan Economic Forum sessions to increase investment and trade exchange in the coming period, to enhance partnerships in all economic fields. 

Minister of State at the Sudanese investment ministry Osama Faisal, highlighted the strong relations between the two countries and Sudan’s willingness to further develop and strengthen exchange and investment.

President of the Agriculture and Livestock and Fisheries and Irrigation Committee at the Kenyan parliament, Adan Mohammed, the head of Kenyan side, expressed his country interest in developing relations with Sudan in various fields, in view of the potential and the resources that are available in various states of Sudan.

Sudan’s ambassador to Kenya, Ambassador  Al Sadiq Elias, expressed confidence that the participants in the forum of the Kenyan side will work to transfer the positive climates that dominated the event for the rest of Kenyan companies and institutions. And confirmed that there are political and economic will to increase investment and trade exchanges between Sudan and Kenya.

The Kenyan delegation, which included public officials and representatives of more than 20 companies and businessmen, stood on the investment potential and the projects that have been implemented through bilateral partnerships, along with projects in progress and future projects.

The relevant experts and officials gave in details a comprehensive statement to the delegation in regards to lifting US sanctions on Sudan, particularly trade and investment opportunities that may be available for Sudan.

Wali of Khartoum Welcomes Arab Investments in Estate Development

KhartWali

Khartoum  -    The Wali of Khartoum State, General, Abdul Rahim Mohammed Hussein has welcomed the Arab investment in different fields, specially, estate development to contribute to bridge housing sector- gap .

This came when General, Hussein received, Thursday, the Chairman of the Arab Union for Estate and Development Investment, Sheikh, Ahmed Al-Sweideen in the presence of the Secretary General of the National Fund for Housing and Re-construction, Dr. Ghulamedden Osman .

The meeting discussed the available investment opportunities and the spheres of the joint cooperation .

General, Hussein, during the meeting, called on the union to contribute to provision of low cost-housing for the limited income people, appreciating the union chairman and membership for choosing Sudan as resident for the union .

Investment Minister welcomes Djiboutian desire to invest in agricultural sector


Invest Mini

 

Khartoum  - The Undersecretary of the Ministry of Investment Dr. Najm-Eddin Hassan Musa reviewed, at his office Wednesday with the Undersecretary of the Foreign Ministry in the Kingdom of Bahrain Wahid Mubarak Sayyal, the bilateral relations between the two countries and ways to boost them further through the joint economic cooperation and expansion of Bahraini investments in Sudan.

The meeting emphasized importance of holding economic forums for investment promotion in Sudan, particularly in the agricultural sector. 

Musa extended detailed explanation on the climate and opportunities of investment as well as the recent economic developments in Sudan, revealing that his ministry is promoting strategic investment projects focusing on agriculture and processing industries.

For his part, the Undersecretary of the Foreign Ministry in Bahrain said that his visit aimed at getting acquainted with the investment opportunities and possibility of attracting businessmen to invest in Sudan in the fields of agricultural production, industrial raw materials in addition to the laws, guarantees and encouraging incentives, referring to the possibility of benefiting from the free trade agreement between Bahrain and the United States of America to develop the joint exports sector .

The two sides agreed upon holding of economic, investment and promoting forum in Bahrain in collaboration with the private sector in two countries besides establishment of a joint business council to look after the consolidation and development of Bahraini investments in Sudan.

Sudanese-Bahraini Agreement on formation of joint business council to bolster investment cooperation

Sd Bh Agreemant

Khartoum  - The Undersecretary of the Ministry of Investment Dr. Najm-Eddin Hassan Musa reviewed, at his office Wednesday with the Undersecretary of the Foreign Ministry in the Kingdom of Bahrain Wahid Mubarak Sayyal, the bilateral relations between the two countries and ways to boost them further through the joint economic cooperation and expansion of Bahraini investments in Sudan.

The meeting emphasized importance of holding economic forums for investment promotion in Sudan, particularly in the agricultural sector. 

Musa extended detailed explanation on the climate and opportunities of investment as well as the recent economic developments in Sudan, revealing that his ministry is promoting strategic investment projects focusing on agriculture and processing industries.

For his part, the Undersecretary of the Foreign Ministry in Bahrain said that his visit aimed at getting acquainted with the investment opportunities and possibility of attracting businessmen to invest in Sudan in the fields of agricultural production, industrial raw materials in addition to the laws, guarantees and encouraging incentives, referring to the possibility of benefiting from the free trade agreement between Bahrain and the United States of America to develop the joint exports sector .

The two sides agreed upon holding of economic, investment and promoting forum in Bahrain in collaboration with the private sector in two countries besides establishment of a joint business council to look after the consolidation and development of Bahraini investments in Sudan.

Sudan Coordinates with UAE to Map out Exchange Experience-Program

AhmedBabikrNahar

Dubai Feb-2017 (SUNA) The State Minister at the Council of Ministers, Jamal Mahmoud Ibrahim, announced that coordination is currently underway, in the Sudanese embassy, in United Arab Emirates (UAE) for drawing up a detailed experience exchange program with the UAE, according to the programs reviewed at Dubai World Government Summit for the benefit of the Sudanese experts in the context electronic government and administrative reform .
He told SUNA that Sudan participates in the summit with high level-delegation headed by Minister of Labor and Administrative Reform, Dr. Ahmed Babiker Nahar .

Minister of Finance Lauds UAE Stances Supporting Sudan

FinanceMMinister of Finance and Economic Planning, the Representative of the President to the 5th session of Dubai World Government's Summit, Dr. Badr Edeen Mahmoud has affirmed the strong relations between Sudan and the United Arab Emirates (UAE) .
The minister told SUNA that he met, on the side lines of the summit, The UAE Deputy President, Governor of Dubai, Sheikh, Mohammed Bin Rashid Al-Maktum and the Crown Prince of Abu-Dhabi, Sheikh, Mohammed Bin Zaid Al-Nahian reviewed with them the bilateral relations between the two sisterly countries .
He said the two UAE senior officials have affirmed the continuation of their country's efforts concerning the total lifting of the US economic sanctions imposed on Sudan .

Investment Minister briefed on arrangement for holding Third Agricultural Conference during February 27-28

Invest Mini

The Minister of Investment Dr. Mudathir Abdal-Ghani Abdal-Rahman was briefed, in a meeting with the President of the Arab Authority for Agricultural and Investment Development (AAAID) Mohammed Bin Obaid Al-Mazrooei, on the arrangements for the launch of the Third Arab Conference for Agricultural Investment, scheduled to be held during 27-28 of the current February.
Al-Mazrooei explained that the conference would witness wide Arab and external participation besides the Arab funds, the international and regional organizations as well as the businessmen from German, Turkey and China, pointing out that AAAID has completed development of all preparations for the organization of the exhibition accompanying the conference with the participation of states and companies, referring to the program on the visits of the participating delegations to the pioneering agricultural investment projects of the Sudanese and Arab private sectors.
He added that the conference would discuss five axes on food provision, food security and financing policies, revealing that a number of agreements on agricultural investment are to be signed during the conference activities.

For his part, the Minister of Investment underscored all the arrangements adopted, explaining that his ministry prepared promotional program on the Sudan efforts to create favorable investment climate in addition to the preparation of new agricultural investment projects.
He stressed importance of continuation in promoting the conference to convince the Sudanese and Arab public opinion to contribute to the consolidation of states' effort in realization of food security, pointing out that the qualitative participation in the conference activities emphasizes the desire in exploring investment opportunities, particularly that Sudan is entering a new era of economic and political stability.

First Vice President praises Livestock Ministry's role in supporting national economy

FVP

The First Vice President of the Republic Lt. Gen. Bakri Hassan Salih has underlined support of the Presidency of the Republic to the programs of the Ministry of Animal Resources and Fisheries to achieve food security and alleviate poverty as more than 70% of the Sudan population engaged in farming and herding.

The First Vice President of the Republic said, when he addressed Tuesday the Sixth Annual Conference of the Ministers and Officials for Livestock in the States at the premises of the Ministry of Livestock, that the holding of the conference at this time, "the Mid-Five-Year Program 2015-2019" came to get acquainted with the programs and plans to achieve the whole objectives of the program, adding that political detente and the partial lift of sanctions would add significant advantages in terms of technology, vaccines and implementation of the President of the Republic's Food Security Initiative after its adoption in all stages by the Arab Economic Council and the Arab League, pointing out that all of the studies indicate that Sudan could supply the Arab world with food by achieving about 25% of the Arab food programs and livestock in the Arab plan of 2030. 

He drew the attention that the cabinet's decision, preventing raw leather export, aims to encourage the leather industry in Sudan, referring to the commitment on the health conditions of the livestock export in order not to distort the Sudanese exports reputation, alluding to the importance of commitment to the controls of health measures of the non-productive female animals as well as to avoid conflicts between pastoralists and farmers to comply with the right tracks, stressing the importance of the reasonableness of levies imposed by the state legislatures for the exports not to be affected by these levies.

US Businessmen to Visit Khartoum Next Month

US Businessmen Khart

A delegation of American businessmen and investors will visit Khartoum next month to look into investment opportunities in the resource-rich country, according to the Sudan Employers Union.

Speaking to the SMC, secretary of Strategic Policies and Planning in the Union Samir Ahmed Qassem said a package of financial and trade policies is being discussed with their counterparts in the US and Europe to effectively pull through the six-month period  sanctions review period and to prepare for the complete lifting of the ban.

In this regard, the Union is taking practical steps in coordination with the Sudanese Banks Union and a number of authorities to ensure their readiness for the grace period and the following phase, while ensuring that all policies advance the national economy.

He said that the joint committees, which were recently established with the Banks Union and Central Bank, proceeds as required in its tasks related to banking and commercial procedures during this phase.

Last month, the United States had announced the end of a 20-year economic embargo on Sudan, lifting trade and financial sanctions in an effort to foster ties with the Sudanese government.

The announcement made by outgoing President Barack Obama’s administration after an executive order to permanently repeal a range of sanctions as a result of Sudan’s efforts to improve security in the region.

For the first time in two decades, Sudan will be able to receive imported goods and services from the US, as authorised by the US Department of the Treasury.

The lift will also release frozen Sudanese property and assets held in the US, and permits the trade with the oil and gas industry in Sudan.

Sudan hosts a wealth of investment opportunities in agriculture, oil and the mining sectors among others. The final lifting of sanctions is expected to open new doors of investment and cooperation between Sudan and the rest of the world.

Mr. Khalid Dafalla interview by:

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Ausgabe 2 / 14 Interview: A.Suliman Foto: Paul Kruth

 

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