Sudan’s PM vows to take steps to boost Saudi investment

Sudanese PM Abdalla Hamdok met with Saudi businessmen at the Council of Saudi Chambers in Riyadh. (Photo/Supplied)
Updated 08 October 2019
Follow

Sudan’s PM vows to take steps to boost Saudi investment

  • Single-window system to be introduced for investors

RIYADH: Sudanese Prime Minister Abdalla Hamdok met with Saudi business owners on Monday at the headquarters of the Council of Saudi Chambers (CSC).
The meeting was attended by Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli, Saudi Minister of State for African Affairs Ahmed Qattan, Sudanese Minister of Finance Ibrahim Al-Badawi, Sudanese Minister of Industry and Trade Madani Abbas, CSC Chairman Sami Al-Obaidi, Saudi Ambassador to Sudan Ali Jafar, Sudanese Ambassador to Saudi Arabia Abdul Azim Al-Karouri and executives of major Saudi companies.
Hamdok praised the strategic relations between Saudi Arabia and Sudan. He thanked King Salman and the government for their keenness to ensure that Saudi-Sudanese relations are at the best level and that trade increases.
“We look forward to cooperating with Saudi Arabia in the fields of agriculture, industry, services, infrastructure and energy.”
The prime minister stressed that Saudi investors are ambassadors, and the success of their businesses will reflect a bright image and increase the confidence of international investors in Sudan.
Hamdok announced that a Saudi-Sudanese economic forum will be held to discuss promising investment opportunities and increase cooperation between the two countries.
Al-Fadhli said that the Kingdom and Sudan have capabilities and resources that can provide promising investment opportunities in many economic sectors.
“We are counting on the role of the private sector to maximize the gains and provide solutions to the obstacles that prevent the depletion of goods, services and investments between the two countries so that government agencies can overcome them,” he said.

FASTFACT

• The volume of reciprocal trade stood at about SR4.6 billion ($1.2 billion) in 2018.

• Sudan was Saudi Arabia’s seventh most important Arab trading partner in 2018.

• Saudi investments in Sudan have grown considerably over the past years.

The chairman of the CSC stressed that relations have developed in the fields of trade and investment, pointing out that the volume of reciprocal trade stood at about SR4.6 billion ($1.2 billion) in 2018, making Sudan the Kingdom’s seventh most important Arab trading partner.
Al-Obaidi said: “Saudi investments in Sudan have grown considerably over the past years, with the service sector accounting for the highest proportion of these investments at 49.5 percent, followed by the agricultural sector at 32.5 percent and the industry sector accounting for 28 percent.”
Al-Badawi said the single-window system for investors and the unified federal tax system will be implemented soon to avoid conflicts between Sudan and other nations.
Al-Badawi added that the build-operate-transfer system is the appropriate investment system for Sudan in the field of infrastructure projects.
Abbas said that Saudi investors have greater experience and their proposed solutions to investment obstacles in Sudan are in line with the country’s Emergency Economic Recovery Plan.


Saudi Arabia, Estonia strengthen cyber defense cooperation

Updated 5 sec ago
Follow

Saudi Arabia, Estonia strengthen cyber defense cooperation

  • Renowned for its leadership in digital governance, Estonia sees cybersecurity as central to its partnership potential with Saudi Arabia, building on years of regional engagement through its technology firms

RIYADH: Estonia aims to deepen defense, cybersecurity, and artificial intelligence cooperation with Saudi Arabia as both nations look to advance technology‑driven defense and cybersecurity capabilities.

Hanno Pevkur, Estonia’s minister of defense, told Arab News at the World Defense Show in Riyadh on Monday that Estonia’s defense industry is eager to contribute to the Kingdom’s fast‑growing defense ecosystem.

“In the modern world, cooperation built on trust and technology is the best defense,” he said. “It is important for us to be here because we clearly see there is a possibility to increase cooperation, not only bilaterally between Saudi Arabia and Estonia, but across the region.”

At Estonia’s pavilion, a cooperation agreement was signed between an Estonian company and a Saudi firm during the show, he noted.

Pevkur also said Estonia’s defense sector has expanded rapidly in recent years, driven by technological innovation and partnership.

“Our defense industry is growing very rapidly, and we continue to see strong momentum,” he said.

He said Estonia’s strengths lie in digital and smart‑system integration rather than large‑scale weapons production.

“We will not build airplanes or tanks, but what we can do is integrate robotics, automation and drones to make existing systems smarter,” he said.

The minister said effective defense collaboration must link businesses and governments to achieve meaningful results.

“When we want to have real cooperation, we need it on all levels,” he said. “The biggest client for any defense company is the government, so we must treat this as one ecosystem where the public and private sectors work hand in hand.”

Renowned for its leadership in digital governance, Estonia sees cybersecurity as central to its partnership potential with Saudi Arabia, building on years of regional engagement through its technology firms.

Pevkur said several Estonian companies, including Nortal, have already assisted Gulf governments in developing open IT and digital‑service systems.

“As the most digitalized nation in the world, almost every service in Estonia can be done online, except getting married,” he said. “But with such digitalization, we also need strong cyberdefense.”

He said data protection and digital resilience are treated as matters of national sovereignty in Tallinn, the capital of Estonia.

“Data is what we own. When someone steals that data, it becomes a serious threat,” he added. “That is why cyberdefense is not just about technology, it is about trust, sovereignty and protection.”

Pevkur said Saudi Arabia’s advances in AI offer promising opportunities for collaboration.

“I know that Saudi Arabia is doing great work when it comes to AI,” he said. “For us, as a small country with limited human resources, AI is essential not just for defense but for everyday life.”

Pevkur added that Estonia has launched a national AI strategy to promote responsible development and closer coordination between government and industry. One Estonian company, he said, has developed a system that allows a single operator to control hundreds of drones through AI.

“It is quite easy to put a weapon into the hands of a robot, but we also need to define who is accountable for its actions,” he said.

“The big question for the future is whether we can allow a war to be fought entirely by AI, or if humans must always make the final ethical decisions.”

He said in his conclusion that governments must reach a common understanding on how AI will be used and regulated on the battlefield.