EU urges Sudan to undertake reforms to attract foreign investment

Source: Xinhua| 2017-09-19 04:07:31|Editor: Zhou Xin
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KHARTOUM, Sept. 18 (Xinhua) -- The European Union (EU) on Monday urged the Sudanese government to undertake reforms at all levels to attract foreign investment.

"There are no European economic sanctions imposed on Sudan, but it is very important for Sudan to undertake reforms at all levels in order to attract foreign investment," Jean-Michel Dumond, head of the EU delegation to Sudan said in a statement Monday.

Dumond said the current visit by a delegation of Sudanese officials and businessmen to a number of EU countries is an opportunity to exchange views on the investment opportunities in Sudan.

The Sudanese delegation, led by Sudan's State Minister of Investment Osama Faisal, is visiting several European countries, including Belgium and Germany, to publicize Sudan's investment opportunities.

According to UN statistics, direct foreign investment in Sudan dropped from 2.3 billion U.S Dollars in 2010 to 1.3 billion dollars in 2014 before resurging to 1.7 billion dollars in 2015.

Sudan is seeking to attract foreign investment to the sectors such as agriculture, livestock farming, mining, real estates, infrastructure and power generating.