There are increasing efforts to promote economic cooperation relations between the Kingdom and the Repu
blic of Sudan, driven by a common desire of the leaderships in both countries and by the Saudi and Sudanese business sectors to take advantage of major investment opportunities offered by the two economies to focus on economic sectors that have comparative and relative advantages.
As part of that effort, the Common Executive Committee of Saudi Sudanese Business Council held its first meeting on May 21 at the headquarters of Sudanese Employers Union in Sudanese capital,Al Khartoum, where many Saudi and Sudanese businessmen participated, and resulted in many decisions and recommendations, most notably the work on activating the initiative of the Custodian of the Two Holy Mosques for agricultural investment in order to serve and develop the common interests between the two countries, and develop a plan with clear objectives of the Common Council to achieve the interests of both parties and meet the aspirations of the members of the Council.
The two sides agreed to start implementing the Saudi proposal, in the Council, which is specialized study about the reality of investment in Sudan entitled " Investment Obstacles in Sudan and the Solutions" in order to help stakeholders from both sides in the public and private sectors to overcome the obstacle as to enhance the investment environment and have more Saudi investments in Sudan. Also, it is expected that this study will cover all areas of the study and investment sectors in Sudan, especially vital sectors as agriculture, livestock, industry and others.
The Common Executive Committee in the Sudanese-Saudi Business Council will begin to communicate with the relevant authorities for the responsible for implementation the study, and then submit its recommendations to the parties and the concerned authorities in both countries.
The participants agreed to raise the degree of participation in the Executive Committee to five members from each side and to hold a minimum four meetings a year, and hold two meetings of the CommonBusiness Council in rotation. Also, The Council's work plan was adopted during the next phase.