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FINANCIAL NEWS
Saudi investments in Sudan to hit USD13b in 2014
26 Aug 2014
(MENAFN) Saudi investments in Sudan are expected to cross USD13 billion within the next few months, especially after Sudan’s decision to cancel entry visas for Saudi investors, Arab News reported.
The Khartoum region is set to capture 30 percent of Saudi investments, which will primarily be focused on food, agriculture, animals, and mining products.
Saudi investors have preferred to invest in African countries, especially Sudan, Egypt and Ethiopia among other countries.
These investments in Africa are distributed at different rates, with Sudan topping the list at 20 percent, followed by Egypt and Ethiopia at 10 percent each, and other countries ranging between 2.5 and 3 percent.
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