The Government of Sudan has signed a preliminary agreement to build and operate the Abu Amama port and economic zone on the Red Sea.
The agreement comes tied with a $6 billion investment with a group led by the AD Ports Group and Invictus Investment.
The report surfaced from Reuters on 13 December.
Located about 200 kilometres north of Port Sudan, the project includes an economic zone, an airport, and an agricultural zone of 415,000 acres.
Abu Amama Port will be connected to the agricultural area of Abu Hamad in Sudan’s River Nile State via a 450 kilometre long road.
Invictus Investment is headed by Osama Daoud Abdellatif, the Chairman of Sudanese conglomerate DAL, and AD Ports is owned by Abu Dhabi’s holding company ADQ.
The port would be able to handle all kinds of commodities and would compete with the country’s main national port, Port Sudan, which has suffered recently from stoppages linked to the country’s political turmoil, asserted Abdellatif.
Some 35 per cent of the net profits from the $6 billion Abu Amama venture would be owed to the country, according to Sudan’s Finance Minister, Jibril Ibrahim.
The agreement was reached barely over a week after the military and political parties in Sudan agreed on a framework for the formation of a civilian government and the beginning of a new political transition following an October 2021 coup.