KUWAITI INVESTMENTS IN SUDAN HIT USD 9 BLN – OFFICIAL

KHARTOUM, Feb 8 — Kuwait’s total investments in Sudan, mainly in industry, farming and services, are estimated at over USD 9 billion, a Sudanese official said here on Saturday.

Kuwait primarily invests in sugar and communication projects in Sudan, Secretary-General of the Sudanese Investment Authority Ahmad Shawar said in a news statement.

The joint Kuwaiti-Sudanese higher committee is set to convene on Monday and Tuesday.

Shawar said during the committee meeting his country will seek to promote and develop Sudanese-Kuwaiti economic and investment partnership with a view to creating a strategic partnership in the fields of food security, banks and services.

Also during the meeting, an executive program is to be set for putting a mutual investment promotion agreement in place, he added.

SOURCE: KUNA