Sudan: Signed $6 billion Deal With a Consortium to Develop a New Port
By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Sudan has signed a $6 billion agreement with a consortium led by the United Arab Emirates’ AD Ports Group and Invictus Investment to develop a new port and economic zone in the Red Sea. “This mammoth project, estimated to cost around $6 billion, will give a powerful boost to the national economy and bring countless benefits to the country as a whole,” said Sudanese Finance Minister Gibril Ibrahim at the signing ceremony. The Abu Amama port, which will be built north of the Port Sudan, through which almost all of the country’s imports and South Sudan’s oil exports pass, will include an industrial zone, an international airport and an agricultural zone covering more than 400,000 acres, Ibrahim...
Posted On 19 Dec 2022






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