Categories: Business

Sudan, Emirati group to develop $6bn Red Sea port


Tue, 2022-12-13 21:16

ABU DHABI:  A consortium led by AD Ports Group and Invictus Investment has signed a preliminary agreement with Sudan on Tuesday to build and operate the Abu Amama port and economic zone on the Red Sea with a $6 billion investment.

The project, located about 200 km north of Port Sudan, would include an economic zone, an airport and an agricultural zone of 415,000 acres.

A 450-km-long road will connect Abu Amama port with the agricultural area of Abu Hamad in Sudan’s River Nile state, the two sides said at the signing ceremony held in the Sudanese capital, Khartoum.

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