NIC Chairman Receives the Chairman of the Sudanese Supreme Investment Council

NIC Chairman Receives the Chairman of the Sudanese Supreme Investment Council

In order to create an investment partnership between the two countries

NIC Chairman, Dr. Sami al- Araji, received on Sunday (3/6/2013) the Chairman of the Sudanese Supreme Investment Council, Dr. Mustafa Ismail and the delegation accompanying him that included Dr. Ishraqa Sayid Mahmoud Minister of Labour and the Governor of the Central Bank of Sudan and representatives from Ministries of Oil ,Foreign Affairs and Sudanese National Youth Federation .

Al- Araji , during a meeting chaired by him with the visiting delegation with the presence of Deputy Minister of Agriculture ,Gazi al- Abudi ,and number of Iraqi Businessmen ,expressed Iraq’s desire for openness on Sudan in deferent economic sectors because of the great experience of Sudan in the field of agriculture stressing that there are investment opportunities in the two countries from which great investment partnerships could be created between the private sectors of the two countries, on the other hand the Iraqi private sector can be a good supplier of the Sudanese agricultural products which have a good reputation among Iraqi people .

NIC Chairman reviewed the available investment opportunities in Iraq showing the NIC’s readiness to submit all guarantees and facilities guaranteed by the amended investment Law no. 13 for the year 2006 for the Sudanese Businessmen and investors.

In his turn, Dr.Mustafa Ismail thanked the Iraqi side for the warm reception showing the Sudan desire to enter the Iraqi market and cooperate with the Iraqi State and privet sectors in deferent economic fields and to develop relations between the two countries.

During the discussions session, the two sides agreed to establish a joint Business Council and work on signing an agreement for protecting and encouraging investment between Iraq and Sudan as well as working on establishing a joint stock company dealing with investments and trade between the two countries.