Juba, South Sudan May 26, 2021 – The International Investment Consortium of Malaysia is set to invest in South Sudan after its representatives met President Salva Kiir Mayardit earlier Tuesday.
Kiir hosted the team from Malaysia at his office in Juba for a lengthy deliberation on the investment plan.
In a statement published earlier and seen by Nyamilepedia, the meeting was attended by Dr. Barnaba Marial Benjamin, the Minister of Presidential Affairs, and Mr. Athian Diing Athian, the Minister of Finance and Planning.
The discussions were centered on how to improve investment in the country in areas of agriculture, infrastructure as well as in areas of energy to enhance the living standards of the South Sudanese people.
The International Investment Consortium delivered to Mr. Kiir their proposed strategy of a comprehensive development plan for South Sudan.
Headed by Mohamed Shafii Bin Haji Mustafa, the International Investment Consortium focuses on design and finance.
The company has a presence in at least 67 countries globally and has experience in delivering large-scale projects in an efficient and effective manner according to the information on its official website.
“We take a long-term approach to our investment strategy, and we focus on empowering the people’s economy and creating global peace and prosperity through economic justice for all,” it says.
“When we are assessing the viability of our projects, financial viability is only one of the metrics that we look at in tandem with social and economic considerations which are paramount in our decision-making process.
The consortium claims that its investment model is not based on the traditional model of lending, which only results in burdening countries with unsustainable debt obligations.
“We work with governments to create a loan-free economy which does not need to rely on debt to drive investment and development. Our aim is to create an environment which is attractive to all international investors and businesses, both foreign and domestic,” the consortium says.
The International Investment Consortium first came to South Sudan six years ago. In 2015, the firm launched a document titled “South Sudan Country Development Programme” at a conference held Malaysian city of Kuala Lampur.
Among a range of other development initiatives, the firm submitted a concept proposal to the South Sudanese government to develop a tolled highway system covering the entire country.
The government reportedly approved the concept and awarded the development of the tolled highway as a concession to IIC to construct a road network estimated at 12,642 kilometers.