Algerian group to invest $6 billion in Sudan

October 13, 2013 (KHARTOUM) – A private Algerian manufacturer of food products, Cevital, said willing to invest six billion USD in the food industry in Sudan after facilities granted by the authorities of the East African country.

We “chose Sudan because this country wants to achieve economic breakthrough, and its authorities are fully aware of the challenges that lie ahead”, said Cevital chief executive officer Issad Rebrab in statement to the Bloomberg Arabic service on Saturday.

He added that the Sudanese move also confirms Khartoum desire to exploit its non-oil resources.

Rebrab said his negotiations with the Sudan started since two years ago, adding he had been received by president Omer Al-Bashir who assured that his government was ready to provide him all the needed facilities enabling him to transfer expertise and technology to Sudan.

On the other hand, minister of agriculture Abdel Halim Al-Mutafi stated that the Sudanese government decided to allocate 50 hectares in Khartoum region to the Algerian firm besides other arable areas to achieve joint projects.

In October 2010, Rebrab said that his company exported sugar to Sudan

(ST)