A high level Chinese delegation visits Republic of South Sudan
JUBA, 13 January 2012 – A high level Chinese delegation comprising of top officials from the Communist Party of China (CPC), Chinese government and Chinese businessmen led by H.E Li Yuanchoa, a senior member of the Political Bureau of the Communist Party of China arrived in Juba today in the morning.
The visit that is aimed at boosting bilateral ties between the two countries is expected to see H.E Li holding meetings with the President of the Republic of South Sudan H.E Salva Kiir Mayardit and later lead the delegation for bilateral discussions with a team of senior officials of the SPLM and national government headed by the Secretary General of the SPLM Cde. Pagan Amum.
H.E Li being received at the Juba International Airport by top SPLM and government officers.
[Photo: Matata Safi]
In a press release issued by the SPLM, a number of documents on strengthening bilateral ties and cooperation will be signed. Among these are Transition Agreement; Agreement on training between China National Petroleum Corporation and South Sudan’s national Ministry of Petroleum and Mining; Memorandum of Understanding between the government of the Republic of South Sudan and the government of the People’s Republic of China concerning a medical team to work in South Sudan; Memorandum of Understanding for economic and financial cooperation between the government of the Republic of South Sudan represented by the Minister of Finance and Economic Planning and the Export-Bank of China; Handover of Certificate of the Borehole Drilling Project aided by the Chinese government to South Sudan; and exchange of letters between the Chinese vice minister for Commerce Mr. Chen Jian and his counterpart, the deputy minister for International Cooperation.
H.E Li who from the airport headed to Dr. John Garang Mausoleum to pay tribute was expected later in the day to also visit a Chinese government donated school called Friendship Secondary School in Juba located on Gudele Road after HASS Petrol Station.
H.E Li lays a wreath on the grave of Dr. Garang.
[Photo: Matata Safi]
China is among the first countries in the world to recognize South Sudan’s independence. Several Chinese firms are already investing in the Republic of South Sudan especially in the oil industry and construction sector. H.E Li is one of the most senior Chinese officials to visit South Sudan since the region gained its independence on 9th July 2011.
Reported by Matata Safi
South Sudan signs MoU with UAE Investment Company
ABU DHABI – UAE, 12 January 2012 – As part of the ongoing efforts to mobilize foreign investment to the country, the newly founded and underdeveloped Republic of South Sudan has signed a Memorandum of Understanding (MoU) with the leading Abu Dhabi Investment Company of the United Arab Emirates (UAE) in order to invest in various sectors in South Sudan.
The Company has expressed its willingness and readiness to invest in South Sudan and also help to mobilize other partners from Europe, America and Asia to invest in the country. The Vice President of the Republic of South Sudan, Hon. Dr. Riek Machar, signed the MoU with the Company’s CEO, Nazem Fawwaz Al Kudsi yesterday in Abu Dhabi city.
Areas of cooperation and investment by the company include railways, roads and bridges, housing estate, aviation, shipping, energy and utilities, oil and gas services, financing and securitization, telecommunications, ICT services, minerals and mining, banking, sports facilities, among others.
South Sudan VP, Dr. Riek Machar (left), signs MoU with CEO of Invest AD, Nazem Fawwaz (center) in Abu Dhabi, January 11, 2012.
Relevant respective ministries in South Sudan will work out the details of the priority areas or projects with the company. The governor of Unity state, Taban Deng Gai, also signed a MoU with the same company, at the same occasion, on infrastructures projects in his state.
The Abu Dhabi Investment Company, also known as ‘Investment AD’, was founded in 1977 by decree of the late His Highness Sheikh Zayed Bin Sultan Al Nahyan, ruler of Abu Dhabi and President of the United Arab Emirates. It was originally to invest on behalf of the Abu Dhabi government. In 2007 the company was given a new mandate, to attract and manage third-party funds, in addition to the investment of government assets.
Owned by the Abu Dhabi Investment Council, Invest AD is closely aligned with the long-term diversification and growth objectives of the Abu Dhabi authorities as expressed in the government’s long-term strategy, the Abu Dhabi 2030 Vision, with special focus on Africa and the Middle East.
Dr. Machar also met with a number of other potential investors who similarly expressed their interest to invest in the region. He told the investors that his country is managing high expectations of the people after the region gained independence from the Sudan in July 2011, adding that South Sudan seeks to mobilize up to 500 billion worth of investment in the next five years.
Reported by James Gatdet Dak, the Vice President’s Press Secretary
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