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Reuters
Reuters
Business
Nafisa Eltahir

Exclusive-UAE to build Red Sea port in Sudan in $6 billion investment package

FILE PHOTO: A man stands opposite the modern port at the harbour in Port Sudan at Red Sea State February 24, 2014. REUTERS/Mohamed Nureldin Abdallah

The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama Daoud Abdellatif, a partner in the deal, told Reuters.

Abdellatif said the package includes a free trade zone, a large agricultural project and an imminent $300 million deposit to Sudan's central bank, which would be the first such deposit since an October military takeover.

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