All that glitters: Qatar's Sudan bet may yield golden dividends - London Business News | Londonlovesbusiness.com
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All that glitters: Qatar's Sudan bet may yield golden dividends - London Business News | Londonlovesbusiness.com
Sudan’s Ministry of Minerals is welcoming Qatari mining companies back into Sudan, reflecting Qatar’s close political and diplomatic engagement with the Sudanese Armed Forces. Sudan and Qatar Mining are in talks over a large copper project valued at about $800 million in potential investment. Minister Nor Al-Daeim Taha said the government is prioritizing Qatari firms and described relations with Qatar as “strategic” after meeting Qatar’s ambassador. Sudanese officials cite Qatar’s support during crises as evidence of continued closeness to the SAF-led authorities. Past statements place Qatari investments at about $1.7 billion, potentially rising toward $2 billion, across agriculture, real estate, banking, and mining. Qatar Mining holds seven gold exploration blocks, with investments concentrated in Khartoum, Northern, and River Nile states.
"Sudan and Qatar Mining are in talks over what Sudanese officials have described as a large copper project, with local and regional reports estimating its value at around $800 million in potential investment. Minister of Minerals Nor Al-Daeim Taha has stated that the government is prioritising Qatari firms and, in a recent meeting with Qatar's Ambassador to Sudan, Mohammed Ibrahim al‑Sada, described relations between the two nations as "strategic.""
"He noted that Doha has remained a supportive partner to Sudan throughout various crises, language that Sudanese authorities and sympathetic media outlets have presented as evidence of Qatar's continued closeness to the SAF‑led government. Sudanese and Qatari officials have, in past years, spoken of roughly $1.7 billion in Qatari investments in Sudan, with the total potentially rising toward $2 billion."
"According to earlier statements by Sudan's investment authorities, these funds have covered dozens of projects in agriculture, real estate, banking and mining, though precise and up‑to‑date figures are difficult to verify. Qatar Mining specifically holds seven exploration blocks for gold. These investments are mostly concentrated in Khartoum, Northern, and River Nile states."
"In July 2024, during a visit to Khartoum reported by Middle East Monitor, Qatar's Minister of State for Foreign Affairs was quoted as expressing support for Sudan's "legitimate government" in his meeting with Abdel Fattah al‑Burhan. The Sudanese Foreign Ministry's readout and sympathetic media framed this as Qatar standing with the government and the Sudanese Armed Fo"
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