UAE's Ports Group expands footprint in Sudan
The agreement allows the Abu Dhabi-based logistics giant to operate ports in Sudan and will contribute to the UAE’s growing influence on the African continent.
Two Emirati companies signed an agreement with the government of Sudan on Tuesday to operate ports in the East African country.
Sudan granted AD Ports Group and Invictus Investment the right to develop, manage and operate economic zone and port assets in Sudan. AD Ports Group and Invictus Investment will be able to create joint ventures, partnerships and other business agreements to support their projects in Sudan, AD Ports Group said in a statement.
The statement did not specify where the port or economic zones will be, among other details. However, AD Ports Group and Invictus Investment said they plan to launch a shipping service in Sudan. AD Sports Group spokespeople did not reply to Al-Monitor's request for comment.
Trade between the United Arab Emirates and Sudan has been increasing since 2019, and the UAE exported $1.37 billion to Sudan in 2021. The main Emirati exports to Sudan were precious stones, sugar and electric equipment. Al-Monitor found no recent data on Sudanese exports to the UAE.
