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Egypt, Sudan sign economic deals to aid reconstruction

Businessmen Team news 29 December 2025 03:45 PM
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Egypt, Sudan sign economic deals to aid reconstruction

Minister of Investment and Foreign Trade, Engineer Hassan El-Khatib, and Sudan’s Minister of Industry and Trade, Mahasen Ali Yaqoub, chaired the Egyptian-Sudanese Joint Trade and Industrial Committee in Cairo on Monday to solidify strategic ties.

The meetings concluded with the signing of a comprehensive protocol aimed at accelerating Sudan’s economic recovery and increasing bilateral trade, which reached approximately $1.15 billion in 2024.

A key outcome of the summit is the agreement to give Egyptian companies priority in Sudan’s post-war reconstruction projects. Egypt also pledged technical support to help restart Sudanese factories damaged by the ongoing conflict and will begin training Sudanese customs personnel in January.

El Khatib reaffirmed Egypt’s commitment to "strategic partnerships" during Sudan's economic recovery phase, while Yaqoub emphasized the need to remove all obstacles hindering the flow of goods between the two Nile Valley nations.

To streamline trade, the two sides agreed on several logistical measures:

Border Crossings: A conference for border crossing managers will be held in January to resolve congestion issues.

Infrastructure: Both nations will seek funding for new logistics zones along the border.

Transport: Coordination will increase to allow more trucks and buses to pass through border points.

Standards: A mechanism will be established to unify technical specifications and accept mutual certificates of conformity for traded goods.

The committee agreed to study a memorandum of understanding (MoU) between Egypt’s General Authority for Investment (GAFI) and Sudan’s National Investment Authority. This partnership aims to transfer Egyptian expertise in managing free zones and implementing "one-stop-shop" investment systems.

Furthermore, the central banks of both countries intend to update an existing MoU to cover governance, financial inclusion, and anti-money laundering and counter-terrorism financing (AML/CTF) measures.

The two ministers agreed to hold the Joint Committee meetings regularly to monitor progress. The next high-level session is scheduled to take place in Khartoum during the first half of 2027.