UAE’s Etisalat to Raise Stake in Sudan’s Telecom Firm
Emirates Telecommunications Corp (Etisalat) is holding talks with SudaTel to raise its stake from 12 percent and become the second-largest investor in the telecommunications service provider, Sudanese officials said Monday.
"Discussions are currently underway," Deputy Consul-General Yousuf Kurdafani said, quoted by the Gulf News.
He said the growth potential was enormous, considering that Sudan is the largest country in the Arab world and has access to eight neighboring countries, representing a market of 300 million people.
"Realizing the potential -- and the growth opportunities afforded by the discovery of oil -- several other UAE investors have set up projects in Sudan," Consul-General Ahmed Shawer said – Albawaba.com