The Islamic Development Bank expressed keen interest in supporting and developing projects in Sudan during discussions held with Sudanese Foreign Minister on Wednesday.

Ahmad Mohamed Ali, president of IDB Group for Development, received Sudanese Minister of Foreign Affairs Ali Ahmed Karti, during his visit to the Kingdom, at IDB’s headquarters in Jeddah.

Karti thanked the IDB for its role in supporting economic and social development in Sudan by extending assistance to several projects in various economic sectors.

He further noted that there are many national projects with potential in the country, especially in the fields of agriculture, mining and industry, which require financial support. He added that Sudan seeks to attract foreign investment and strengthen the capacity of local investors.

Meanwhile, Ali assured his counterpart that the IDB would provide the necessary support for the development of local entrepreneurs and bolster Sudan’s efforts to attract foreign investment.

He also commended Sudan’s experience in the field of micro-finance, noting that the IDB would seek to benefit from the Sudanese experience to transfer their knowledge and expertise to other member states.

During the meeting, the two counterparts also agreed to establish a Sudanese technical mission comprised of experts from various fields to visit the bank and discuss future initiatives and projects.