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Sudan has secured Chinese backing for its multi-million-dollar railway renovation plans despite the military coup last year and ongoing brutality against pro-democracy protesters.
The Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone, an international airport, and an agricultural area covering over 400,000 acres, said Sudan's Finance Minister Gibril Ibrahim.
The UAE has increased its presence in the Red Sea and Indian Ocean area.
Sudan recently signed a MoU with the UAE for a large agricultural project linked by a road to a new port to be built on the Red Sea
The official rate has been around 444 pounds to the dollar, while on the black market one dollar cost about 550 pounds on Sunday.
The visit of a World Bank president to Sudan is the first in almost 50 years, according to the Sudanese
presidency.
presidency.
Sudan's spiralling economic crisis has forced many households to tighten their belts as nearly one third of the 45 million population face acute hunger, according to the UN.
A blockade of Sudan's main Red Sea port by a local tribal group and threats of more disruptions have hurt efforts to lift the country out of crisis and risk pushing trade flows to another regional route, officials warn
A $10 billion investment fund has been set up by the United Arab Emirates to bolster ties with its new Israeli ally, despite widespread Palestinian condemnation of the move.