Sudan's Zoyal Holding Group has signed an agreement with Saudi Arabia's Al-Jeed Ben Saud to establish four new economic factories in various production sectors. The deal aims to boost industrial development and supply the local market with essential products. The factories will focus on producing cement, food products, lithium-ion batteries, and electric cars. This move is part of the private sector's efforts to increase production capacity and create new job opportunities.
The new factories will primarily use locally sourced raw materials and employ modern production technologies to reduce import costs and achieve self-sufficiency. According to the project's initial data, the factories will be set up in key sectors, including a cement plant, a food products plant, a lithium-ion battery plant, and an electric car plant. The project's stakeholders believe this step will help meet the growing needs of citizens amid current economic challenges.
The agreement was signed on November 1, 2026, and the factories are expected to be operational from December 1, 2026, to January 2030. The Saudi company's management has expressed interest in supporting joint cooperation efforts, highlighting the importance of partnerships and investment in Sudan. They also emphasized the need to utilize modern programs and technologies to meet current requirements.
The management of Zoyal Holding Group stated that their focus in the coming phase will be on cooperation, attracting foreign investments, and ensuring their sustainability while developing the infrastructure of vital sectors. This will help increase production efficiency and operational processes. The group aims to enhance the country's industrial capabilities and contribute to economic growth.
The regulatory bodies and economic stakeholders have welcomed this move, stressing the importance of facilitating national investments and providing a suitable environment for such developmental projects to continue and stabilize. The new factories are expected to create new job opportunities and stimulate economic growth in Sudan.
The project's implementation will involve collaboration between the Sudanese and Saudi companies. The partnership aims to bring in modern technologies and expertise to enhance the production capacity of the factories. This cooperation is seen as a positive step towards strengthening economic ties between Sudan and Saudi Arabia.
The establishment of the new factories is expected to have a positive impact on Sudan's economy, particularly in the industrial sector. The project will help reduce the country's reliance on imports and increase its self-sufficiency in essential products. The government's support for such initiatives is crucial in promoting economic growth and development.
Key points
- The new factories will focus on producing cement, food products, lithium-ion batteries, and electric cars.
- The project aims to create new job opportunities and stimulate economic growth in Sudan.
- The factories are expected to be operational from December 1, 2026, to January 2030.
