Success of national dialogue paves the way to investments

Prime Minister Bakri Hassan Saleh said in his speech to the Opening Session of the Arab Investment Court symposium that was held in Khartoum that, the national dialogue in Sudan provided a political atmosphere to attract more investments from different countries.

Khartoum hosted an introductory symposium to the Arab Investment Court and its role in developing and protecting Arab investments. The symposium discussed several topics such as, Arab investment in Arab countries agreement, establishment and system of the court, litigation proceedings and implementation issues, and the Sudanese proposal to attract investment.

Bakri Hassan Saleh said that, his country is full of resources, and the incoming investments that happened lately gave all parties the motive to establish an investment court that protects the investors, and his government will always work to implement the court’s orders.

Minister of Justice Awad El Hassan El Nour said that, Sudan had witnessed more investors which made it necessary to implement new legislation, amend other legislation related to investment and facilitate all procedures in order to provide the required environment for more and more investments. This increase happened because of Sudan’s available resources and security. He added that, Sudan had exerted great effort over the years to achieve regional incorporation of Arab economies, which will be a vital base for joint economic business that will increase benefits and interests between countries.

According to El Nour, providing the proper investment atmosphere is necessary to achieve economic prosperity, which forces the need to find laws and legislations consistent with relevant international and regional conventions, along with mechanisms applied by experts that will help solving investments’ conflicts. He added that, choosing the court’s five judges from Arab countries makes it easy for the Arab and foreign investors to trust it and trust its dignity.

The Arab Investment Court was established in implementation of the 2015 Arab League Economic and Social Council resolution as an Arab judicial mechanism for resolving investment disputes and contains 12 judges from different Arab countries. 

Source: Timesofoman