By Oketayot Santo
A Malaysian-East African company said that they are going to launch mega investment projects in South Sudan, including a 100 million dollars cement factory, dry port in Nimule and an investment tower in Juba.
Speaking to reporters at the Investment Ministry in Juba, Dheiu Mathok Ding, Minister for Investment said the country signed a number of investment memorandum of understanding (MOU) with the Malaysian firm in 2021 and a team from the firm visited the country to follow up on the implementation which implementation of the MOU will kick off with immediate effect.
“We have revisited the implementation of those MOUs together with the other institution, they are going next tomorrow to Nimule for the groundbreaking for the construction of a dry port and they will also construct the investment tower which is a key project for us and we believe that by implementing this important milestone regarding the investment environment I know that things will move well” Mathok told reporters in Juba, South Sudan`s capital.
He said the dry port will boost trade and the flow of goods into the country as South Sudan is landlocked.
“We are depending mainly on revenue collected from nonoil and construction of that port would facilitate the movement of goods and services to South Sudan, it will create a lot of jobs to our people, it will even ease the process on how the trucks are to be allowed to come to South Sudan and go out of South Sudan” he said.
For his part, Mirzan Mahathir, President of B`smart Malaysian- East African Company said they are working on a number of investment projects in South Sudan based on the experience of Malaysia to attract more investments into South Sudan.
“We are looking forward to continuing develop more projects, we tried to propose to the government to execute them and we hope that we will be able to show some success and the success that we have in these projects will encourage others to come in and put in their capital as well to invest in this country” Mahathir said.
He said among some of the investment projects they are going to invest in South Sudan includes, construction of a dry port at Nimule, a South Sudan-Uganda border town which the groundbreaking for the construction will be launched this week, construction of an investment tower in the South Sudan`s capital, construction of a 100 million U.S. dollars cement factory, oil and gas project and food security and livelihood said.
