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"This is a vote of confidence by Qatari Diar in the future of Sudan and a signal to the world that this country can attract major overseas investment," said Al Ansari. "The agreement marks the entry of Qatari Diar into the Sudanese market where we are investigating further development opportunities."
Qatari Diar's Sudan development, located on the Blue Nile, will be built on a prime site opposite the Sudanese capital's Presidential Palace and will span 100,000 square metres.
"This will be a mixed-use development with a five-star hotel, restaurants, cafes, rest chalets, entertainment, retail and commercial facilities, a sport club. The resort will be surrounding by residential villas and offices for which there is currently high demand in Khartoum," explained Al Ansari.
This is the latest overseas venture for Qatari Diar - the name behind the giant Lusail development, the largest and most innovative domestic project in the Arabian Gulf Peninsula state. Qatari Diar is building a luxury resort on Morocco's Al Houara Coast, close to Tangier, the gateway to Africa. It is also collaborating with the Omani Government on a showpiece eco-resort in Ras al-Had - the most easterly point on the Sultanate's peninsula at the crossroads of the Indian Ocean and the Gulf of Oman.
At the signing ceremony, which was also attended by the Governor of Khartoum, Abdulhalim Ismael Al Mutaafy and the Sudanese Ambassador to Qatar, Ibrahim Abdullah Faqiri Ibrahim, the Governor spoke of hopes for future investment in the North African republic.
"Khartoum has established a number of foreign direct investment laws to encourage inward investment into the capital city and we have chosen to partner with Qatari Diar for this project because of its proven regional experience and established reputation for quality delivery."
"This project will go a long way to addressing the infrastructure issues currently impacting Khartoum," Al Mutaafy.
Posted by Anne-Birte Stensgaard, Senior News Editor
