The Qatar Chamber hosted a high -level commercial delegation from the sisterly Republic of Sudan, headed by His Excellency Dr. Muhammad Bashar Adam, Undersecretary of the Ministry of Finance and Economic Planning, where Mr. Mohammed bin Ahmed Al -Obaidli, a member of the Board of Directors, received them in the presence of Eng. Ali bin Abdul Latif Al -Misnad and Dr. Muhammad bin Jawhar Al -Muhammad, two members of the Board of Directors. The meeting was also attended by His Excellency Mr. Ahmed Abdel Rahman Swar Al -Dahab, Ambassador of the Republic of Sudan to the State of Qatar, and a number of government officials and representatives of Sudanese companies.
During the meeting, the cooperation relations between the Blain were discussed in the commercial and economic fields, the participation of the private sector in strengthening them, as well as a review of the investment climate and the available opportunities, and the cooperation between businessmen in the two countries in a way that enhances mutual investments and intra -trade.
His Excellency Dr. Mohamed Bashar Adam, Undersecretary of the Ministry of Finance and Economic Planning in the Sudanese Republic, thanked the Qatar Chamber to host the meeting, pointing to the importance of benefiting from the resources available on both sides in order to enhance joint cooperation.
He said that the amendment of the investment promotion law, which is in the interest of foreign investors, was recently completed, pointing out the importance of economic partnerships in the process of developing infrastructure in his country.
Promote mutual investments
For his part, Mr. Mohammed bin Ahmed Al -Obaidli, a member of the Board of Directors of the Qatar Chamber, praised the distinguished brotherly relations that link the two brotherly countries, pointing out that the Qatar Chamber is keen to enhance the cooperation between the Qatari private sector and its Sudanese counterpart, and pave the appropriate ground to enhance mutual investments and the private sector in its role in stimulating trade exchanges.
He said that the Qatar Chamber is keen to enhance cooperation between the business sectors on both sides and encourage Qatari business owners to invest in Sudan, which is abundant in natural resources and minerals.
In turn, His Excellency Mr. Ahmed Swar Al -Dahab said that the Sudanese delegation includes a group of government officials and representatives of the private sector with the aim of developing trade and economic cooperation relations with Qatar, noting the depth of relations between the two countries and the great support that Qatar provides to his country during the crises it is exposed to.
During the meeting, a memorandum of understanding of the Ag Economic Program for Investment and Development was signed between the Kingdom’s investments and the investment agency for social security, the Sudanese Company for Markets, Free Zones, the Arab African Investment and Development Company, Al -Nahda Sustainable Financial Services Company and others
It is a new African economic entity that will be its main headquarters in the State of Qatar, and the presence of offices in Sudan, Saudi Arabia and Turkey with the establishment of a digital financial platform to enhance international investments and trade, where a group of major companies was signed on an agreement to establish a Sudanese Sudanese holding company in the Qatari free zones.
This economic entity aims to enhance economic integration between the continent of Africa and the Gulf states through investing in technology, food security, industry, logistical services, minerals and services trade, as it aims to facilitate the flow of foreign direct investment through a digital financial platform compatible with financial systems in Sudan and Qatar, which enhances transparency and efficiency in commercial and investment transactions.
The entity specializes in supporting small and medium companies in Africa through innovative financing solutions, providing guarantees and technical and financial support to encourage innovation and sustainable growth in the vital sectors, as it will depend on the supply of gold, which enhances financial confidence and provides a stable mechanism to secure investments.
Integrated project
In a comment on this new economic entity, Mr. Muhammad bin Ahmed Al -Obaidli said that this entity is an integrated project related to mutual investments for the private sector between Qatar and Sudan, with an opportunity to partner with the public sector, pointing out that the establishment of a digital bank will facilitate the entry of investors to the African continent.
He pointed out that the new economic entity will be concerned with the development of four main sectors: the industry sector, the technology sector, the food security sector, and the mining sector, so that it operates with the clearing system.
For his part, His Excellency Dr. Mohamed Bashar Adam, Undersecretary of the Sudanese Ministry of Finance and Economic Planning, said that he is looking forward to achieving positive results for the benefit of businessmen in the two countries, pointing out that the agreement that was signed draws a road map for businessmen in the two countries and other countries to create an entity that allows the benefit of resources in the two countries, whether financial resources or natural resources in Sudan for the interest of the economists of the two countries.