Memorandum of Understanding Between Sudan and Tunisia on Investment

The Sudanese Ministry of Investment and International Cooperation disclosed that Sudan and Tunisia agreed to sign a memorandum of understanding covering all investment areas between the two countries in the coming periods.

This was announced on the sidelines of the COMESA Investment Forum in the Republic of Tunisia, which was organised by the COMESA Investment Agency in cooperation with the European Union.

The Acting Minister of Investment and International Cooperation, Ahlam Madani Mahdi Sabeel, discussed economic relations between the two countries and ways to support and develop them with Faryal Al-Warghi, Tunisian Minister of Economy and Planning, in the presence of the Sudanese Ambassador to the Republic of Tunisia.

The Sudanese minister said, “We discussed with the Minister of Economy and Planning of the Republic of Tunisia ways of economic cooperation between the two brotherly countries and benefiting from the advantages that Sudan enjoys, as the necessity of cooperation was emphasised.”

She revealed the establishment of a Sudanese-Tunisian investment forum in the Republic of Tunisia to discuss and review joint investment opportunities in the two countries.

She pointed to Sudan’s keenness to advance and encourage cooperation initiatives and economic partnerships with the Tunisian private sector, to develop investment businesses to achieve common interests and to exchange benefits between Sudan and the Republic of Tunisia.

She called on Tunisian investors to benefit from the resources that Sudan enjoys.

She said that there are great opportunities for businessmen in Tunisia to invest in infrastructure, including roads, bridges, airports, and ports.

For her part, the Minister of Economy and Planning of the Republic of Tunisia reviewed the areas, programs, and plans for investment in Tunisia, which will be focused on during the coming periods, related to attracting foreign investment, which could provide opportunities to strengthen economic relations between the two countries, expressing her country’s interest in investing in the fields of agriculture, livestock, infrastructure, and transportation.