Tag - Red Sea port

UAE to build Red Sea port in Sudan

Cairo: On June 21, it emerged that the United Arab Emirates would build a new Red Sea port in Sudan as part of a $6 billion investment package. DAL group chairman Osama Daoud Abdellatif said that 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 the military takeover.