Sudan, UAE consortium ink $6bln agreement to build port on Red Sea

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Situated 200 kilometers (KM) north of Port Sudan city, the project is planned to include an economic zone, an airport, and a 400,000-fedan agricultural zone

Staff Writer, Arab Finance

December 15, 2022

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The Sudanese government signed a preliminary agreement with a consortium led by UAE’s AD Ports Group and Invictus Investment to build and operate the Abu Amama port and economic zone on the Red Sea with a $6-billion investment, Reuters reported on December 13th.

Situated 200 kilometers (KM) north of Port Sudan city, the project is planned to include an economic zone, an airport, and a 400,000-fedan agricultural zone.

A 450-km road will be built to connect Abu Amama port with the agricultural area of Abu Hamad in Sudan's River Nile State.

Sudanese Minister of Finance, Gibril Ibrahim, stated that his country would retain 35% of the $6-billion project’s net profits.

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