(BANGKOK, THAILAND) – South Sudan has held talks with the Saudi Fund for Development to explore investment opportunities in the country.
The meeting took place on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings in Bangkok, Thailand.
South Sudan’s Minister of Finance and Planning, Hon. Athian Ding Athian, and Bank of South Sudan Governor, Hon. Dr. Addis Ababa Othow, met with Saudi Fund for Development CEO, Mr. Sultan Al-Marshad.
The talks followed an invitation extended by the government delegation to the Saudi official for a working visit to South Sudan.
The two sides discussed investment opportunities for Saudi investors across various economic sectors.
The Saudi Fund for Development was established in 1974 and has since financed over 800 projects worth more than $20 billion in over 100 countries.
About 60% of its support has gone to Africa, covering 47 countries with 433 projects valued at $11.5 billion.
South Sudan has been seeking to attract foreign investment to support its economy, which faces challenges including liquidity shortages and pressure to strengthen public finances.
