Khartoum-Jeddah-Seems to be that the features that came with the new investment law and handling of number of problems that was facing the business objects to investors and incorporates several new features that will achieve a quantum leap in the management of the investment process in Sudan encouraged many investors and Saudi businessmen to open channels of investment in the country in many areas, most recently in the field of mining exploration
Among the most prominent of those features that carry the new law, non-discrimination between the foreign investor and the Sudanese or for being a public or private sector , Create a single window system to serve the investor , exemption from the business profits tax for strategic investment projects and specific exemptions from certain fees, and not nationalization or seizure or confiscation or seizure of assets and properties of the project, in addition to facilities in the remittance of profits and the import of raw materials
And Sudan gave special preference and features for investors and Saudi businessmen of the eternal relationship between the two countries and cooperation between them, this was confirmed by the Sudanese Minister of Minerals Kamal Abdul Latif during his visit last week to Saudi Arabia and his meeting with the Minister of Petroleum and Mineral Resources Ali al-Naimi in Jeddah
Within the framework of the regular meetings of the joint Standing Committee of the Saudi Sudanese for the joint exploitation of the natural wealth in the bottom of the Red Sea in the common area between the two countries
Kamal reiterated the Government of Sudan's makes sure to enhance cooperation with Saudi Arabia in the field of detection and optimal exploitation of mineral wealth inherent in the common area between the two countries in the Red Sea.
On his part, said Minister of Petroleum and Mineral Resources Ali al-Naimi deep historical ties between the two countries, stressing the importance of cooperation in the mining sector, and discuss ways to develop in order to serve the common interests.