Sudan and Qatar agree to establish a gold refinery in Doha

By Al Mayadeen English
Source: Agencies
1 May 2024 15:55

During the Arab Economic and Cooperation Forum, Sudan and Qatar reach an agreement to set up a gold refinery in Doha dedicated to handling gold exports from Sudan.

The 3rd Session of the Arab Economic and Cooperation Forum with the Countries of Central Asia and the Republic of Azerbaijan on April 30, 2024. (GCC Media Center)

Sudan and Qatar agreed to establish a gold refinery in Doha to accommodate gold exports from Sudan.

The Sudan News Agency (SUNA) reported that on Tuesday, Sudanese Minister of Trade and Supply, Al-Fateh Abdullah Yusuf, met with Qatari Minister of Trade and Industry, Mohammed bin Hamad bin Qassim al-Abdullah al-Thani. The meeting took place on the sidelines of the third edition of the Arab Economic and Cooperation Forum with Asian countries and Azerbaijan, held in Qatar on April 29 and 30.

During the meeting, the two ministers emphasized the significance of collaboration between their countries in the trade sector. They also discussed enhancing the partnership between Sudan and Qatar to facilitate import and export activities.

The Qatari minister stressed his country's readiness to "provide the facilities required for commercial work," adding that the forum discussed close relations and opportunities for cooperation and development between the parties.

The Sudanese Minister of Trade and Supply highlighted that "the forum deliberated on the favorable prospects and strong ties" among the participants, underscoring the potential of this platform for fostering cooperation and development.

He stressed that Qatar is keen on the most pressing issues regarding the group of Arab countries, Central Asian countries, and the Republic of Azerbaijan to enhance cooperation.

Furthermore, the Sudanese Mineral Resources Company Limited announced that gold exports surpassed $428 million in the first quarter of this year, all of which were provided to the Central Bank of Sudan.

Additionally, the Director General of the Sudanese Mineral Resources Company Limited, Mohamed Taher Omar, affirmed via SUNA that the recent measures implemented by the company had a notable effect in boosting gold export activities. He elaborated that the company anticipates gold exports to reach approximately $2.182 billion by the end of 2024.