More than 140 Russian companies express interest in investing in Sudan

Sudan’s Minister of Investment and International Cooperation, Ahlam Madani Mahdi Sabil, revealed that over 140 Russian companies have expressed interest in investing in Sudan. During a meeting with a Russian investment delegation on Tuesday, the delegation explored potential investment opportunities in Sudan, expressing a desire to invest in free zones, transportation, and other sectors. The Minister explained the legislative frameworks governing investment in the country and praised Russia’s efforts in Sudan, especially on international platforms.

The Minister pointed out that the war has cast a negative shadow over all aspects of the economy, particularly causing extensive damage to infrastructure. However, she mentioned that the Ministry of Investment has prepared ready-to-go projects in the infrastructure sector to attract investors. She emphasized that there are investment-ready projects in infrastructure, including roads, railways, energy, and electricity, which are vital for Sudan at this time. The free zones and existing projects in these areas also present great opportunities.

Despite the war, the Minister affirmed that Sudan remains a promising and untapped investment destination, and there are still many unexploited opportunities. She highlighted that Sudan will continue advancing with its strategies and plans set by the Ministry of Investment, offering incentives and exemptions to attract investors and rebuild what has been destroyed by the war.

On the positive side, the Minister noted that the war has exposed Sudan’s rich resources, which attract the envy of its enemies, while also providing an opportunity to restructure economic and investment relations. The Russian delegation confirmed their readiness to invest in Sudan, with more Russian companies expected to arrive in the coming period.