Current Date:

Monday, 24 September 2018
 

New Regulations for Licensing of Investors Projects

Khartoum- (KEM) Minister of Investment Mubarak Al-Fadil issued Tuesday ministerial decision No. 7/2018 on regulations for licenses for small and medium projects for foreign

investors that are granted in accordance with the National Investment Encouragement Act.
The ministerial decision stipulates that license for small and medium projects shall be granted with giving consideration to requirements of the country’s economy for diversification of the concerned activity and the volume of the existing investment and that the investment shall be in the existing activities that have not been indigenized yet.
The capital of the investor for the project shall not be less than a million dollars, the decision added.