Saudi investors study withdrawal of investments in Sudan on political crisis

Hussein Bahri, Chairman of the Saudi-Sudanese Business Council

Chairman of the Saudi-Sudanese Business Council, Hussein Bahri, said some Saudi investors are studying to withdraw existing investment from Sudan, as the African state is facing a very serious political crisis, Asharq News reported.

The council is making the utmost efforts to help the existing investment avoid any slides, production suspension or major losses, Bahri explained, adding the $18 billion worth of investments signed before the crisis will remain pending until the end of year, as it is currently difficult to make any plans amid the current conditions.

Saudi and GCC investors are unlikely to invest in Sudan until there is a clear outlook by end of this year, Bahri noted, affirming that investors will not tap any market that faces political turmoil.