Sudan has called upon Qatar’s public and private sectors to invest in two major mining exploration projects CIM and DLS.
The offer was made during a meeting between Qatar Chamber (QC) board members and a Sudanese delegation today.
According to the Assistant of the Sudanese President and the head of the delegation Ibrahim Mahmoud Hamed, the expected total worth of these two projects is $17 billion.
Hamed added that Sudan has a huge strategic reserve in oil, gas, mineral and gold resources, as well as a unique strategic position linking the neighbouring countries by roads and sea.
The $110 million CIM project plans to mine 22 tonnes of gold, while the $481 million DLS project plans to mine 140 tonnes of gold, 1.3 million tonnes of copper and 3,000 tonnes of silver.
QC Vice-Chairman Mohammed bin Ahmed bin Towar al Kuwari said:”Both countries have major joint investment projects such as energy, agro-processing, mining, real estate and tourism. Many Qatari businessmen are looking forward to invest in the Sudanese market and take advantage of the attractive investment climate there.”
The meeting aimed at informing Qatari businessmen about the investment climate and opportunities in Sudan.
During the meeting, Hamed welcomed Qatari investments in agriculture, mining, oil and tourism sectors.
A presentation by the Sudanese delegation shed light on nearly 60 Qatari projects with a capital of $1.7 billion in various states of Sudan, including industries, agriculture, services, real estate and mining.
Qatar Mining Company CEO Mohammed al Shahwani gave a presentation on two of the company’s projects in Sudan.
The Sudanese delegation included Minister of Investment Mudathir Abdul-Ghani, Minister of Minerals Ahmed Mohammed Sadiq, Minister of State at the Foreign Ministry Obaidullah Mohammed Obaidullah, Minister of State at the Ministry of Finance and National Economy, and Minister of Infrastructure in Khartoum state and Sudan’s Ambassador to Qatar HE Yasser Khadr.