East Sudan Donors Conference to Tackle USD4.2B Projects

The first donors conference for east Sudan will discuss a total of 177 projects worth USD4.2 billion.

As reported by Devex, the state-run Kuwait Fund for Arab Economic Development will host the two-day conference, which starts today (Dec. 1) 

>> First East Sudan Donors Conference Due in December

“We expect countries to announce pledges for projects in the region,” according to Abdulwahab al-Bader, head of the fund.

The conference will explore a dam project worth USD600 million, roads and power projects worth USD430 million, and support for three cement factories worth USD450 million. It will also tackle water, health and education projects, which cost a total of USD2 billion.

Private investors are expected to pledge USD2 billion, “while we hope to find the necessary government funding for the remaining 2.2 billion dollars worth of development projects,” al-Bader was quoted by Agence France-Presse as saying.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.