South Sudan will participate in UAE investment conference
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March 11, 2013 (JUBA) – The newly founded independent South Sudan will
send a high-level delegation to the United Arab Emirates (UAE) this
week to participate in a conference on investment organized by the
Arab country, reveals the office of the vice-president.
South Sudan has been attracting Arab countries, and the rest of the
world, to directly invest in the new state as well as strengthen
bilateral cooperation with them including diplomatic relations.
The conference which is expected to commence on 15th March in Dubai
will examine various sectors of investment potential in South Sudan.
South Sudan’s vice-president, Riek Machar, is expected to lead his
country’s delegation which will compose of a number of national
ministers who will present their respective priority projects for
investment, his press secretary, James Gatdet Dak, has told the Sudan
Tribune.
A number of prominent investors in the United Arab Emirates have
already expressed readiness to invest in the new country.
Another conference organized for South Sudan’s support is due to take
place in Washington DC on a date to be confirmed soon, he said.
The region which is currently poor and underdeveloped is potentially
rich in agriculture and minerals including the oil and therefore
commands a promising wealth which only requires start up capital in
order to stimulate its development and growth, officials have
maintained.
(ST)
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