Sudan signs an initial $6 billion deal led by UAE group to build a vast new Red Sea port, economic zone, airport and an agricultural zone
Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone, an international airport, and an agricultural area covering over 400,000 acres.
"The massive project, which is estimated to cost around $6 billion, will give a strong boost to the national economy and will bring countless benefits for the whole country," said Sudan's Finance Minister Gibril Ibrahim during the signing ceremony on Tuesday. A 450-km-long road will connect Abu Amama port with the agricultural area of Abu Hamad in Suda n's River Nile State, the two sides said at the signing ceremony held in the Sudanese capital, Khartoum.Invictus Investment is headed by Osama Daoud Abdellatif, head of the Dal Group, Sudan's biggest conglomerate.news agency said the deal gives the consortium the "right to develop, manage, and operate port and economic zone assets" in Sudan.
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