Chinese investors are currently refraining from entering the Sudanese market due to the ongoing civil war, but show intent to return for reconstruction efforts post-conflict. Diplomatic assurances from Sudanese and Chinese officials highlight a collaborative future amid hopes for security and stability.
Recent statements by Zheng Xiang, the chargé d’affaires of the Chinese embassy in Sudan, indicate that Chinese investors are preparing to re-enter the Sudanese market once the ongoing civil conflict subsides. Zheng emphasized that Chinese companies are eager to assist in Sudan’s reconstruction efforts and are currently engaged in discussions with financial institutions to address the nation’s debt issues. He expressed optimism for a swift return to operations, stating, “We hope that security and stability will prevail in the near future to resume work as soon as possible.” This assurance follows fruitful discussions between Sudan’s de facto leader, Abdel-Fattah Al-Burhan, and Chinese President Xi Jinping during the Forum on China-Africa Cooperation summit held in Beijing in September, where bilateral agreements were established to facilitate future collaboration.
Sudan has been embroiled in a protracted civil war, resulting in significant disruption to its economy and investor confidence. Chinese enterprises, which have previously maintained a substantial presence in Sudan’s infrastructure and resource sectors, have been notably absent from the market due to safety concerns and instability. However, with high-level diplomatic talks occurring and commitments to future cooperation being established, there is growing anticipation that Chinese investors will express renewed interest in Sudan once peace is restored.
In summary, Chinese investors are poised to return to Sudan following the cessation of hostilities. Their commitment to support the nation’s reconstruction and address debt challenges reflects a strategic investment outlook contingent on improved security. This gradual re-engagement could play a pivotal role in revitalizing Sudan’s economy once stability is achieved, as affirmed in diplomatic discussions between Sudanese and Chinese leaders.
Original Source: www.scmp.com
