Sudan Cotton firm shows interest in Kuwaiti investors

May 29, 2006 (KUWAIT) — The state-owned Sudan Cotton Company expressed Monday keenness to cooperate with Kuwait’s financial sector, including private and public organizations.

Speaking to KUNA, the company’s Director-General Abdin Ali explained that Sudan did not attract enough investments because of the negative image given to it by media outlets, lack of necessary infrastructure, national currency’s fluctuation and not taking advantage from available resources.

But now, he said, these obstacles have been greatly overcome and a new investments law is available, which would greatly benefit any future investments.

Previously owned by Sudan’s government, the firm was sold to the private sector in 1993. The company buys the entire produce of cotton farmers and then sells it in global markets.

(ST)