Arab League to talk robust investments at its conference in Southern Sudan

Details: Category: International; Published on Tuesday, 02 February 2010 08:43; Written by The New Sudan Vision (NSV), www.newsudanvision.com; Hits: 12848

Flag of the Arab League

FEBRUARY 2,2010 (NSV)--In three weeks the Arab league will convene a major investment conference in Juba, the capital of the semi-autonomous region of Southern Sudan.

According to Miraya FM, “A conference on investment and development by the Arab League will be held in southern Sudan on February 23^rd to encourage all Arab nations to

consider southern Sudan when planning investment ventures.”

The move is said to be the advance of 2009 Doha Summit, when member nations vowed to increase and direct their investments to Sudan, in the name of supporting CPA.

Abdel-Rahman Sir El-Khitm, Sudanese ambassador to Egypt has told Miraya that “attracting Arab investors into the south is a strategic move in securing stability for the region.”

Welcoming Arab investors and investment for the region, GoSS Minister of Foreign Trade, Mr. Benjamin Marial, said “that there are many investment opportunities available in the south, citing the Mangla region, north of Juba as one example."

He added that "Sugar production in Mangla could be one investment project for investors, Marial said, adding that reviving the industry can create an estimated 4,000 jobs.”

The Arab League is a regional organization of Arab states in Southwest Asia, north and northeast Africa. It was founded in 1945.