New Investment Law Nearing Approval

The government of the River Nile State has agreed to host the Ministry of Investment’s headquarters and facilitate its work in the state.

Acting Governor of River Nile State, Dr. Mohamed El-Badawi Abdel-Majid Abu Qurun, welcomed the ministry’s presence, noting that it represents a valuable addition, given the state’s significant agricultural, industrial, mining, and tourism resources. The state’s infrastructure, security, proximity to Khartoum, and Port Sudan further enhance its appeal.

During his meeting with the Federal Minister of Investment, Ahlam Madani Sabil, the governor highlighted recent strategic projects aimed at creating a conducive environment for investment, such as expanding Atbara Airport and the dry port in Atbara to support exports.

He announced preparations for hosting a comprehensive investment forum in January, which will attract national and international investors to explore the state’s resources. He also noted efforts to prepare investment plans across all localities and establish large industrial cities.

The federal minister expressed gratitude to the state government for hosting the ministry and facilitating its work, as well as to Gedaref State for its previous support. She highlighted the ministry’s move to the River Nile State to closely oversee the upcoming investment forum.

She announced the imminent approval of a new investment law, describing it as a gift to both national and international investors. The law ensures the rights of all stakeholders, including investors and local communities.