UAE to build Red Sea port in Sudan in $6 billion investment package

The United Arab Emirates will build a new Red Sea port in Sudan, as part of a $6 billion investment package.. 

said DAL group chairman Osama Daoud Abdellatif, a partner in the deal which marks the first major foreign investment since the military took power in an October coup. 

Abdellatif said the package includes a free trade zone, a large agricultural project and an imminent $300 million deposit to Sudan's central bank. 

Western donors suspended billions in aid and investment to Sudan after the coup..

plunging an economy that was already struggling into further turmoil and depriving the government of much needed foreign currency.  

Ibrahim told Reuters on Wednesday that a memorandum of understanding had been signed with the UAE for a port and agricultural project, but the details have not previously been reported. 

The finance ministry did not immediately respond to a request for comment on details of the deal. 

The $4 billion port, a joint project between DAL group and Abu Dhabi Ports, owned by Abu Dhabi's holding company ADQ.. 

would be able to handle all kinds of commodities and compete with the country's main national port, Port Sudan, Abdellatif said. 

Located about 200 km (124 miles) north of Port Sudan, it would also include a free trade and industrial zone modelled after Dubai's Jebel Ali, as well as a small international airport, he said. 

The project is in "advanced stages," with studies and designs complete, he said.  

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