Forum discusses ‘vast areas’ in Sudan for investing in minerals

September 2018
  • The Ministry of Energy, Industry and Mineral Resources (MEIMR) held a forum to discuss investment opportunities for mineral resources in “vast areas” of Sudan
  • Among those attending from MEIMR at the Republic of Sudan Hilton hotel in Jeddah’s corniche was the Vice Minister of Mining Affairs for MEIMR

JEDDAH: The Ministry of Energy, Industry and Mineral Resources (MEIMR) held a forum to discuss investment opportunities for mineral resources in “vast areas” of Sudan.
Among those attending from MEIMR at the Republic of Sudan Hilton hotel in Jeddah’s corniche was the Vice Minister of Mining Affairs for MEIMR, Eng. Khalid Al-Mudaifer, and Dr. Mohammed Abu Fatima Abdallah, general manager of the Ministry of Geological Research Authority (GRAS).
Deputy Minister for Mineral Resources Sultan Shaouli explained that the program includes three working sessions, all of which talk about the mineral potential in Sudan and the opportunities available. The forum had six reports, all of which are suitable for officials in the Ministry of Metals and a number of Sudanese mining companies.
Abdallah said the forum is an extension of joint strategic action between Sudan and Saudi Arabia. He pointed out that Sudan enjoys the existence of natural resources and a large number of minerals with estimated reserves and the State has developed plans to exploit this wealth to benefit the desired government and the people of Sudan.
During a tour of the exhibit stands, Al-Mudaifer told Arab News that the role of the governments, along with the private sector, is to enable and build an ecosystem that enables the private sector to partake in these investments for exploration, development and production. “This is our main role now and we are helping the Sudanese government to showcase their resources and their geology, and hopefully the investor to invest in Sudan,” he added.
Abdallah told Arab News that he saw big potential in investment in Sudan, with resources that have not been touched: “We have vast areas that need exploration. According to the geological situation and environment we have huge amounts of resources to find and we want to share it with our neighbors, particularly Saudi Arabia. They have a good capacity and benchmark for exploration.”

Source:http://www.arabnews.com