Egypt and Sudan Discuss New Investment Opportunities
Engineer Moataz Raslan, Chairman of the Canada Egypt Business Council (CEBC) and the Egyptian council for international Cooperations ( ECIC) , held a productive meeting with a high-level delegation from the
Sudanese Embassy in Cairo. The delegation included Ambassador Omar Al-Farouq, Deputy Head of Sudan’s mission in Cairo , and Dr. Hossam Hussein, the Economic File Official at the Sudanese Embassy. They were also joined by Mr. Mohanad Awad Mahmoud and Mr. Abdul Rahim Sabra, members of the Africa Committee at the Egyptian Business Council for International Cooperation.
The meeting was organized to explore prospects for expanding cooperation and joint investment opportunities between the two brotherly countries.
Discussion Highlights and Investment Focus
Both sides discussed opportunities for economic cooperation between Sudan and Egypt. Ambassador Omar Al-Farouq reviewed the most prominent investment sectors available in Sudan, specifically
mining, agriculture, and logistics services. Dr. Hossam Hussein presented the efforts of the Sudanese Embassy in Cairo in the economic field, detailing recent workshops and seminars held to promote investment in Sudan.
Engineer Moataz Raslan affirmed the deep historical relations between Egypt and Sudan, noting that economic cooperation is a crucial pillar for achieving joint stability and prosperity. He also stressed the commitment of the
Egyptian Business Council for International Cooperation to supporting and strengthening economic and commercial cooperation between Egypt and countries worldwide, mentioning the Council’s programs in Canada, Europe, and several Asian countries.
He emphasized the Council’s interest in the African continent, stating that a dedicated Africa Committee was formed to revitalize cooperation with various countries on the continent. He expressed the Council’s readiness to host a roundtable in Cairo on investment in Sudan, with the participation of interested Egyptian businesspeople.
The Sudanese delegation welcomed the discussion of challenges, affirming their commitment to removing obstacles for Egyptian investors.
Key Agreements and Next Steps
In conclusion, the two parties agreed to focus, at this stage, on the
Northern State. This is due to its stability, geographical proximity to Egypt, and its great potential in the fields of
agriculture and mining.
An agreement was also reached to prepare for an upcoming major event in Cairo soon, dedicated to showcasing investment opportunities in agriculture and mining in the Northern State.
This event aims to:
Facilitate direct communication between the concerned parties.
Discover more new investment and commercial opportunities.
Establish a roadmap for strengthening partnerships between the private sectors in Egypt and Sudan.
This agreement underscores the seriousness in transforming shared objectives into tangible projects, opening new horizons for economic growth in the region.
