UAE to inject money in Sudanese banks: minister
March 13, 2022 (KHARTOUM) – Acting foreign Minister Ali al-Sadiq Sunday said the United Arab Emirates agreed to inject money into Sudanese banks to support its financial activities during these difficult times.
Abdel Fattah al-Burhan returned to Khartoum after a four-day visit to the UAE where he met with Crown Prince of Abu Dhabi Mohammed bin Zayed Al-Nahyan. He was flanked by the acting foreign minister, finance minister and head of the General Intelligence Service.
After the meeting on March 11, the Sovereign Council said that the UAE de facto ruler pledged bank deposits in support of the Sudanese economy.
But al-Sadiq told reporters after their return to Khartoum that the two countries agreed to inject money into the Sudanese banks.
“An agreement between the two governments and the private sector in the two countries has been reached to support Sudanese banks with significant amounts, enabling them to play their role in developing the Sudanese economy,” he said.
Before announcing this agreement, he said the two sides agreed to establish strategic economic partnerships in the areas of roads, ports, railways, military cooperation and exchange of experiences.
However, he did not elaborate if the UAE financial institutions would buy shares in the Sudanese banks or will sign contracts allowing them to take control of some companies or projects in the country.
The United Arab Emirates (UAE)’s DP World in the past had shown interest in Port Sudan seaport but the civilian transitional government was not interested in the offer, at the time.
The head of the Sovereign Council was in UAE to attend Dubai’s Expo 2020 world fair.
Meeting with Hamdok
Also, al-Burhan met with former Prime Minister Abdallah Hamdok during his visit to Dubai, triggering rumours about his return to power.
Hamdok’s wife, however, denied these reports saying he is no longer interested in the position of the prime minister.
in a statement she released on social media, she underscored that he intentionally left the country to not give the impression that he is available to assume any executive role.
(ST)