From sudaneseonline.com
UAE, Sudan bilateral trade grows at 30%
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Aug 30, 2008 - 5:52:30 AM
| UAE, Sudan bilateral trade grows at 30% |
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| Saturday, 30 August 2008 |
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According to a statement issued by the Dubai Chamber of Commerce and Industry, the UAE is the second biggest investor in Sudan following China with investments of roughly $7 billion, Gulf News reported.
The statement further showed that trade between the UAE and Sudan is growing at an annual rate of 30 percent.
Moreover, Sudan's GDP has grown more than ten percent each year since 2006, with its economy booming on the back of an increase in oil production, high oil prices and large inflows of foreign investment.
Despite the UAE's economy with a growth rate of 8.5 percent being larger than Sudan's, the latter's GDP growth rate is faster than that of the UAE at 12.8 percent.
MENAFN
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