Emirati Group in Joint Venture to Set up Water Treatment in Sudan
UAE's Ahmed bin Khalaf Al Otaiba Group has entered a joint venture with France's Vivendi to set up a waste-water treatment and sewage facility in Khartoum, reported the Gulf News on Saturday.
Feasibility studies have been completed, said Abdel Halim Al Mutafi, governor of Khartoum and a former Sudan industry minister.
A memorandum of understanding was signed on Thursday by Al Mutafi and the Al Otaiba Group in Dubai, said the paper, adding that the Emirati group has other projects in Sudan, including the $40 million Khartoum Oasis project comprising four residential and commercial towers.
It also owns Trizac Sudan, which supplies oilfield and industrial products. Of Sudan's total foreign direct investment of $6 billion, Gulf investors have contributed $3 billion. Of that, the UAE accounts for about $1.3 billion in oil, agriculture and manufacturing projects – Albawaba.com
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