South Sudan will participate in UAE investment conference
March 11, 2013 (JUBA) – The newly founded independent South Sudan will send a high-level delegation to the United Arab Emirates (UAE) this week to participate in a conference on investment organized by the Arab country, reveals the office of the vice-president.
South Sudan has been attracting Arab countries, and the rest of the world, to directly invest in the new state as well as strengthen bilateral cooperation with them including diplomatic relations.
The conference which is expected to commence on 15th March in Dubai will examine various sectors of investment potential in South Sudan.
South Sudan’s vice-president, Riek Machar, is expected to lead his country’s delegation which will compose of a number of national ministers who will present their respective priority projects for investment, his press secretary, James Gatdet Dak, has told the Sudan Tribune.
A number of prominent investors in the United Arab Emirates have already expressed readiness to invest in the new country.
Another conference organized for South Sudan’s support is due to take place in Washington DC on a date to be confirmed soon, he said.
The region which is currently poor and underdeveloped is potentially rich in agriculture and minerals including the oil and therefore commands a promising wealth which only requires start up capital in order to stimulate its development and growth, officials have maintained.
(ST)