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    Sudan-Economy

    UAE investments in Sudan top $3 billion

    APA-Khartoum (Sudan)

    Investments from the United Arab Emirates to Sudan have reached $3.5 billion, making it the second biggest foreign investor to the country behind Saudi Arabia, a senior Sudanese official said.

    Investment ministry official, Najm aldeen Hassan told journalists on Monday during a tour of the Dubai Commercial exhibition in the UAE that most of its investment in Sudan is in agriculture.

    He pointed out that Sudan is looking forward to raising the investment portfolio of the gulf country to a whopping $15 billion by the end of 2017 to neutralize current local and federal investment lows.

    Sudan’s economy had hit torrid times since South Sudan declared independence in 2011 and inherited the oilfields in its territory.

    Oil was one of the chief mainstays of the Sudanese economy before South Sudan seceded from the rest of the country.


    AR/as/APA

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