Khartoum – The Sudanese presidency announced that the situation in the country has become encouraging for foreign investments, thanks to stability that was consolidated in the wake of national dialogue.
Sudanese Prime Minister Bakri Hassan Saleh said that the ongoing national dialogue has created a favorable political atmosphere for regional and international investments, which necessitate the enactment of adequate laws to encourage investors.
The premier’s remarks came during the inauguration of the Arab Investment Court Forum in Khartoum.
He underlined the importance of transformations and developments witnessed in Sudan, which have represented an incentive for the establishment of an Arab Court of Investment, taking into account the need to facilitate the work of foreign investors in the country.
Saleh said his country was rich in huge resources, noting that previous efforts deployed by the government to attract investments did not achieve the desired results. However, the prime minister said that Sudan has recently witnessed a major flow in foreign investments, due to new incentives, such as the establishment of the Arab Investment Court.
He also stressed that his country would be one of the first states to implement the requirements set by the Court and meet the aspirations of investors.
Saleh, on the other hand, noted that continuous efforts exerted by previous governments have led to “integration among Arab states”, taking into consideration that Arab investments were an important pillar that provides prosperity to the people of the region.
Sudanese Justice Minister Awad al-Hassan al-Nour said, for his part, that the court judges would be chosen from different Arab states, in order to guarantee the court’s transparency and independence.
He added that participants at the forum would issue recommendations on the means to achieve “Arab people’s aspirations towards unity, prosperity and development.”
The Arab League Socio-Economic Council established the Arab Investment Court in 2015 to resolve disputes between investors in member-countries.