Editor’s Note
This article details a significant shift in Sudan’s gold trade, as a major Saudi refinery agrees to source bullion directly from Khartoum. This new partnership could strengthen Sudan’s domestic industry and alter traditional export routes.
A major Saudi Arabian gold refinery has entered into an agreement to purchase gold bullion directly from Sudan. This move marks a strategic shift for Khartoum, which has traditionally relied on Dubai as its primary hub for gold exports and refining. The new deal is expected to bolster Sudan’s domestic gold industry and provide a more direct route for its gold to enter international markets.
For years, a significant portion of Sudan’s gold production has been shipped to Dubai for refining and subsequent sale. The agreement with the Saudi refinery represents an effort by Sudanese authorities to diversify their export partners and potentially capture more value from their gold resources within the region. This realignment could impact the flow of gold in the Middle East and North Africa.