Sudan, Qatar ink $4 billion deal to develop Suakin seaport
Maj Hussain MSc, PGDip, BA, KRO
![Maj Hussain MSc, PGDip, BA, KRO]()
Maj Hussain MSc, PGDip, BA, KRO
Property, Consultancy, Knight Of The Royal Oak, Family Office, Global Project Management, Portfolio Holder
Sudan and Qatar on Monday signed a $4-billion agreement to develop the former Ottoman port city of Suakin in northeastern Sudan.
“The agreement was signed in line with instructions of the leadership in both countries on the necessity to boost joint cooperation in the fields of transport and communications,” Sudanese Transport Minister Makkawi Awad told reporters.
“We seek to establish twinship between the ports of Suakin and Hamad” in Qatar, he said.
The cost of the project’s first phase amounts to $500 million and will be completed by 2020.
On Sunday, Sudan unveiled the agreement to develop the Red Sea port, following talks with Qatari Minister of Transport Jassim bin Saif al-Sulaiti in Khartoum.
Read Full Article Today: Click Here
Senior Risk Analysis Consultant 4 American Dream
7 年Good for them if interested to take advantage of free market economy with leveraging tax incentive programs and supply chain availability from USA let us know , connect and let us get something started for you.