Saudi Arabia has opened a new gold market in Africa by starting direct gold purchases from Sudan. This step brings a clear change in how Sudan sells its gold and reduces Dubai’s long hold over African gold trade.
Saudi officials said the country can begin buying Sudanese gold right away. The announcement followed meetings between senior leaders from Saudi Arabia and Sudan in Riyadh. These meetings took place during the Future Minerals Forum, a global event attended by representatives from over 100 countries.
For many years, Sudan sent most of its gold to Dubai. Dubai worked as the main trading and refining center for African gold. However, Sudan often earned less money from this route. The system also faced problems with poor tracking and illegal trade. Sudan now wants a clearer and safer way to sell its gold.
Saudi Arabia plans to offer that option. The Saudi Gold Refinery has confirmed it can start operations immediately. The refinery has modern testing facilities and a strong transport network. Officials say this setup will help process Sudan’s gold quickly and safely.
Sudan hopes the new Saudi gold market will solve long-standing issues. In 2025, Sudan produced around 70 tonnes of gold. Only about 20 tonnes were exported through official channels. The rest moved through illegal routes. This caused major losses for the government. Direct trade with Saudi Arabia aims to bring more gold into legal markets.
Sudan’s Minister of Minerals said the country will support Saudi investments fully. Authorities promised to provide all facilities needed for smooth work. Talks also covered future mining plans. Saudi companies may receive rights to explore minerals like chrome, talc, mica, and manganese.
The move comes during a difficult period for Sudan. Political tension and security issues have affected business and trade. Experts say Sudan now prefers strong partners with stable systems and clear rules. Saudi Arabia offers state support and long-term planning.
Analysts believe this decision weakens Dubai’s position as Africa’s main gold hub. For decades, Dubai handled most gold from East and Central Africa. Saudi Arabia now offers a new route that focuses on clear pricing, proper tracking, and government oversight.
Saudi Arabia wants to grow its economy beyond oil. It aims to play a bigger role in global mining and commodity markets. Africa’s rich mineral resources match well with this goal.
For Sudan, the partnership can bring more income, reduce smuggling, and improve control over gold exports. For Africa, it could encourage other gold-producing countries to find new trade partners.
Saudi Arabia’s entry into Africa’s gold trade marks a major shift. The region’s gold market now moves in a new direction.
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