Qatar pledges to invest $2bn in Sudan

2012-03-08 08:55
Doha - Qatar has promised to invest $2bn in Sudan, the official QNA news agency reported on Wednesday, as Sudanese President Omar al-Bashir visited the gas-rich Gulf state.

A Qatari government delegation is to travel to Khartoum "in the coming days... to discuss the details of Qatari investments in Sudan of up to $2bn," QNA said.

The investments, agreed during a meeting between Bashir and Qatari emir Sheikh Hamad bin Khalifa Al-Thani, would be carried out in "the purchase and placement of treasury bonds in different sectors, among them mining, oil, agriculture and services", the report added.

Sudan's economy has been reeling since South Sudan gained independence last year, taking with it most of the country's oil production - formerly Khartoum's main foreign currency earner.

Bashir, who is wanted by the International Criminal Court on suspicion of war crimes in Darfur, has travelled many times to Qatar, which brokered a peace agreement last year with one rebel faction in the war-torn region.

Read more on:    omar al-bashir  |  sudan  |  qatar  |  east africa

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