Abu Dhabi Ports Group, owned by Abu Dhabi’s holding company ADQ, in a partnership with DAL Group will construct a new Red Sea port in Sudan as part of a $6bn investment package, reported Sudan Tribune.
DAL group chairman Osama Daoud Abdellatif said the package comprises a free trade zone, an agricultural project and a deposit of $300m to Sudan’s central bank.
Go deeper with GlobalData
Once operational, this new private port is expected to handle all type of goods and compete with Port Sudan, Abdellatif added.
The port project would cost $4bn, and is expected to be built about 200km north of Port Sudan.
Furthermore, it will feature free trade and an industrial zone just as Jebel Ali of Dubai, besides a small international airport.
The project is claimed to be currently in advanced stages following the completion of studies and designs.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataLast week, Sudanese Finance Minister Gibril Ibrahim told Reuters that the country signed an agreement with the UAE to develop an agricultural project that is connected by a road to the new port to be built on the Red Sea.
Port Sudan has been facing infrastructure challenges for long. It was also for six weeks in 2021 due to a political blockade, in turn causing it to lose business from major global shippers.
According to Abdellatif, an agreement was initially reached with the UAE firm in July 2021.
———————————————————————————————————
Image: The port project would cost $4bn, and is expected to be built about 200km north of Port Sudan. Credit Jason Goh from Pixabay.
