UAE emerges as largest Arab investor in Sudan

ABU DHABI, Sept 3, 2004 (Xinhua) — The United Arab Emirates (UAE) became the largest Arab investor in Sudan with a total investment of 8 billion US dollars in the past two years, the Arab financial website www.menafn.com reported Friday.

According to statistics of the Sudanese Investment Ministry, the UAE capital was mainly injected to energy and agriculture as well as property and real estate sectors.

Saudi Arabia came in the second place with 6 billion dollars, mainly in industrial and agricultural projects.

Foreign investment in Sudan reached 43 billion dollars in the last two years, mainly in oil and gas sector.

Asian countries, including Malaysia, China, India and Japan, also invested large amount of capital into the Sudan’s oil sector.

It was projected that foreign investment would double in the coming two years, the website cited the official statistics.