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South Sudan government meets investors in Dubai

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June 6, 2011 (JUBA) - A high level delegation of the Government of Southern Sudan (GoSS) headed by the Vice President, Riek Machar, discussed with potential investors from Middle East in Dubai, the capital of the United Arab Emirates, investment opportunities in the soon-to-be Republic of South Sudan on 3 June.

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South Sudan’s vice-president, Riek Machar (AFP)

The region will formally become independent on 9 July following the overwhelming vote for secession from the rest of Sudan during the self-determination referendum, conducted in January 2011. The plebiscite came as a result of the 2005 peace deal between North and South Sudan that ended 21 years of civil war.

South Sudan is among the poorest countries in the world in terms of infrastructural development and services delivery to its people, though it has economic potentials in agriculture and oil, among others. GoSS has stepped up efforts to attract foreign direct investment in order to address the challenges and meet expectations of the people.

Machar and his delegation met with senior officials of the host government as well as with a group of leading investors from the Middle East.

The delegation listened to presentations by the investors who expressed interest to invest in South Sudan in various sectors after 9 July, when the region formally becomes independent.

Also among the potential investors that met with Machar in Dubai included representatives of one of the leading American companies in construction equipment, Caterpillar. The company which was represented by its partner, Traficgura Company, also discussed the possibility of investing in crude oil in South Sudan while financing major government projects on a loan basis.

Among the delegation that accompanied Machar to Dubai were the minister of finance and economic planning, David Deng Athorbei; minister of legal affairs and constitutional development, John Luk Jok; minister of investment, Oyai Deng Ajak; minister of energy and mining, Garang Diing; and former state minister of energy and mining and member of South Sudan petroleum corporation, Angelina Teny.

Machar is also expected to proceed to Washington DC in the US on 6 July for bilateral talks with the US administration.

(ST)

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  • 7 June 2011 06:29, by Land-of-Cush

    Sound good, but went back home nothing to be implement.
    due to corruption.

    repondre message

  • 7 June 2011 06:34, by Malual Dungdit

    Many thanks to the GOSS for having started earlier, the process of developing our South Sudan as the youngest of all nations. A country would only develop rapidly when the key leading World’s investers are involved to participate.

    And Special thanks to the highest delegation led by the VP, Dr. Riek Machar Teny Dhurgon, inoder to lobby for investers to come and join hands in our developments.

    I would personally like advise all the ministers and other junior members of the delegation, not to talk about personal investment rather. Be nationalists who should always talk about country investment but not individual.

    repondre message

  • 7 June 2011 06:35, by NYANKOOR

    Well done Mr vice president, attract more investers to our country.

    repondre message

  • 7 June 2011 06:38, by Lorolokin

    Go on Machar we are behind you. Hey guys after declaration of the ROSS we would like to have equal distribution of authority in this so called GOSS coz what I can see this GOSS is marginalizing some communities specially Equatorian.
    We will not tolerate this government after 09/07/11, they who claim to be governing if they didn’t check themselves and come to their sense then thing fall apart. mark my tongue.

    Kinkak.

    repondre message

  • 7 June 2011 08:07, by Lamija Milaja

    Dr Riek Machar is doing well because he has the ABC of the 21st century. The big problem is the top official of south Sudan (Kirr) who is only busy covering corrupt official from his own tribe.

    Kirr should start to bring people into books not only by wards but majority of south Sudanese needs to see action.

    Otherwise Dr Riek will bring investors only to end up in disappointment.

    Good Luck Dr. Riek Machar.

    repondre message

    • 7 June 2011 09:14, by Dinka Dominated SPLA

      If you were not stupid than you will think back about so called khartoum peace agreement and compare to the CPA which give riek machar sane to back form his insane.
      You can even remembered back that during KPA. so called riek machar brought more death to south sudan than investore so shut your fucken mouth off.
      Riek machar will never be a leader unless people do not belived in GOD.
      Riek machar is a sysmbol of death in our country sudan.

      repondre message

  • 7 June 2011 10:16, by Adam

    Good! But who is that so stupid to come to the burning South to waste his life and money?

    South Sudan with the prevailing dilemmas has no chance of attracting investments. No one will think investing in the South due to:

    1. Instability and internal wars
    2. Tribalism and ethnic raids
    3. Tyranny and political dictatorship
    4. Government Corruption and incompetence
    5. Failure to fully implement CPA with Sudan
    6. Lack of freedom and Human Rights violations
    7. Lack of infrastructure needed by investors.
    8. Poor human resources
    9. Poor energy sources

    Above all, there is no investment law; in fact there is no constitution in South Sudan

    All the above will make South Sudan very repulsive to foreign investors. Current situation just encourages war lords investments.

    Adam Milawaki, Nairobi

    repondre message

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