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Saudi Arabia to invest $3 bln in Sudan investment fund

Saudi Arabia to invest $3 bln in Sudan investment fund

SAUDI Arabia has committed to investing $3 billion in a joint fund for investments in Sudan, and to encourage other parties to participate, Sudanese minister of Cabinet affairs Khalid Omer Yousif has told Reuters. Earlier this week, Sudan had secured a recommitment from Saudi Arabia to a $1.5 billion grant it had first announced in April 2019. The commitments came from Crown Prince Mohammed bin Salman, Yousif said, during a visit by Sudanese Prime Minister Abdalla Hamdok and other senior officials this week, seeking to boost cooperation as Sudan's transitional authorities struggle to tackle a long-running economic crisis. Sudan received…
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