INSUBCONTINENT EXCLUSIVE:
Sudan has terminated a $6 billion agreement with the United Arab Emirates to develop a new Red Sea port
The decision comes as tensions rise between the two nations.Sudan accuses the UAE of supporting the Rapid Support Forces in the ongoing
larger investment package
Sudan signed the agreement in December 2022 with AD Ports Group and Invictus Investment.Sudan Severs Ties with UAE: Red Sea Port Deal
Cancelled Amid Conflict Allegations
(Photo Internet reproduction)The port was to be located 200 km north of Port Sudan
sovereignty amid ongoing internal conflicts
Countries like Saudi Arabia and Egypt also have interests in the Red Sea
The move could reshape alliances and power dynamics in the area.The cancellation may pose economic challenges for Sudan
The country faces high inflation, currency devaluation, and rising prices.However, it also opens opportunities for local development and job
Residents of eastern Sudan have welcomed the decision.They hope for investments that prioritize local benefits over large-scale foreign
national interests with international relations
while working towards stability and prosperity
