Qatar Chamber Launches Economic Entity to Strengthen Qatar-Sudan Investments

Qatar, 12 March, 2025 : The Qatar Chamber and a Sudanese trade delegation have launched a new economic entity to enhance private sector investments between Qatar and Sudan. The announcement was made during a meeting between Qatar Chamber members and a Sudanese delegation, led by HE Dr. Mohamed Bashar Adam, Undersecretary of Planning at Sudan’s Ministry of Finance and Economic Planning.

The meeting focused on bilateral cooperation, investment opportunities, and private sector engagement. During the session, the "Awj" Investment and Development Program was unveiled, establishing an African economic entity headquartered in Qatar, with offices in Sudan, Saudi Arabia, and Turkey. A digital financial platform will be created to facilitate international investments and trade.

An agreement was signed to establish a Qatari-Sudanese holding company in Qatar’s free zones, reinforcing Qatar’s position as a key investment hub. The entity aims to drive economic integration between Africa and the Gulf through investments in technology, food security, industry, logistics, minerals, and trade services.

The initiative will support SMEs in Africa, providing financial guarantees, technical assistance, and innovative financing solutions. Gold-backed investments will enhance financial confidence and stability.

HE Dr. Mohamed Bashar Adam emphasized the importance of leveraging financial and natural resources to strengthen cooperation, highlighting recent amendments to Sudan’s Investment Promotion Act to attract foreign investors.

Qatar Chamber Board Member Mohamed bin Ahmed Al Obaidli praised Qatar-Sudan relations and urged Qatari businesses to explore investment opportunities in Sudan, citing its rich natural resources. He described the economic entity as a strategic platform for private and public sector partnerships, with a digital bank to facilitate investments in Africa.

The entity will focus on four key sectors: industry, technology, food security, and mining, operating on a clearing system to streamline trade and investment.