PROJECTS: Saudis offered $18bln infrastructure projects in Sudan

They include port expansions

  
A man stands opposite the modern port at the harbour in Port Sudan at Red Sea State February 24, 2014.

A man stands opposite the modern port at the harbour in Port Sudan at Red Sea State February 24, 2014.

REUTERS/Mohamed Nureldin Abdallah

Sudan has offered 124 projects to Saudi contractors comprising investment in the infrastructure worth around $18 billion, a Sudanese Minister has said. 

The Sudanese government offered the projects at a conference held in Khartoum two days ago and attended by representatives of the Saudi public and private sectors. 

“We offered 124 projects to the Saudis in various sector…they include around $18 billion worth of infrastructure projects, mainly in rail networks, roads and ports,” Sudanese Investment Ministry Al-Hadi Ibrahim said. 

He told the Saudi daily Aleqtisadia that the Saudi Red Sea Development Company had initially agreed to undertake port expansion projects in Sudan and that the two sides would meet within 10 days to discuss them. 

Head of the Saudi-Sudanese Business Council Hussein Bahri said Saudi Arabia direct investments in Sudan are estimated at around $4 billion and that the Council expects them to double in the next few years. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

 
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