UAE to build a port worth $4 billion on the Red Sea in Sudan -

Cairo: The United Arab Emirates (UAE) will be investing $6 billion in Sudan, which is close to the critical Red Sea marine region. Of this, a whopping $4 billion will be used by UAE for building a port on the Red Sea in Sudan. UAE will be developing this port similarly to the Jebel Ali port in UAE. Therefore, it is being claimed that the concerned port will become the main centre for trade in the Red Sea sector. This is the biggest UAE investment in Sudan so far.

The Red Sea is the narrow marine trade pathway connecting Europe to the Middle East countries. The Red Sea is one of the busiest marine routes in the world. The Red Sea, which connects the Arabian Sea with the Mediterranean, carries 12% of global trade. Per the information published last year, goods worth more than $1 trillion are transported in 19,000 freight ships annually through this region.

UAE has initiated rapid steps to build the port in this commercially important region. UAE has signed a memorandum of understanding worth $6 billion with Sudan. Osama Dawood Abdul Latif, President of the DAL group in UAE, shared this information. UAE is also helping Sudan through this. Abdul Latif said that investment is also being made in Sudan at the same time.

The $6 billion investment will be used to create a free trade zone and large agricultural projects. UAE will also be depositing $300 million in the cash-strapped central bank of Sudan. It is claimed that this will ease the financial crisis faced by Sudan. Whereas $4 billion out of the planned investment will be used to build the Red Sea port. DAL company from Dubai and Abu Dhabi ports will jointly develop the port. It is claimed that this port will be bigger and equipped with more advanced facilities than Port Sudan. Abdul Latif informed that free trade and industrial zones would be created in this port. A few days ago, Sudanese President General Abdel Fattah Al-Burhan met UAE President Sheikh Mohammed Bin Zayed to discuss these investments.

Last October, General Abdel Fattah Al-Burhan took over the reins of Sudan following the Sudanese military’s rebellion. The western countries providing financial assistance to Sudan boycotted General Al-Burhan and stopped all the aid. This created a significant economic crisis in Sudan. In this scenario, UAE has announced an investment of $6 billion in Sudan.

Meanwhile, Sudan lies on the Red Sea, which divides the African continent and the Middle East. The Red Sea is an essential marine region from strategic and trade points of view. UAE has made preparations to build a port in this crucial maritime region. The UAE’s selection of Sudan for this purpose is noteworthy.