Sudan Seeks to Attract Mining Investments After Participation in International Conference in Riyadh
Sudan’s Ministry of Minerals said the country’s participation in the International Mining Conference in Riyadh has helped expand opportunities to attract foreign investment and financing to the mining sector, as the government works to maximize the sector’s contribution to the economy and support public revenues.
Sudan took part in the conference, headed by Minister of Minerals Nour Al-Daim Taha, including the International Conference of Mining Ministers and the Arab Mining Ministers’ Conference, alongside the fifth edition of the International Minerals Conference, hosted by the Saudi capital Riyadh. The event brought together representatives of governments, financial institutions, and global mining companies.
The ministry stated that the Sudanese delegation showcased investment opportunities in exploration, production, and sustainable mining, highlighting Sudan’s largely untapped mineral resources as part of efforts to increase foreign direct investment and improve the business environment in the sector.
On the sidelines of the conference, the Minister of Minerals discussed with the World Bank Group mechanisms for financing infrastructure projects linked to the mining sector, in addition to programs supporting local communities and capacity building. These initiatives aim to reduce operational risks and enhance the economic returns of mining projects.
The Sudanese delegation also participated in a consultative meeting of global geological survey authorities, attended by representatives from more than 60 countries. The meeting discussed the establishment of a joint digital platform for geological data and the development of information databases, a step intended to enhance transparency and reduce investment costs during the exploration phase.
The ministry added that the participation provided access to the latest technologies used in the mining industry and opened channels of communication with international investors and companies, in line with a government approach to restructuring the sector and aligning it with global standards to increase production and value addition.
