| |
| About Sudan |
|
About Southern Sudan >>> |
Sudan is the largest country in Africa, covering an area of 2,505, 813 square kilometres, Situated in the north east of the continent, it is bordered by Egypt to the north, Ethiopia to the east and Libya to the west. Across the country the terrain and climate vary widely, with areas of desert, mountain ranges, swamps and rain forests.
Sudan's external relations have strengthened in recent years, particularly with the Middle East - which includes the most active investors in Sudan - and the European Union, which is keen to increase its influence in the country. English is the second language and is widely spoken. Close relations are enjoyed with Saudi Arabia, Bahrain, Kuwait, Ethiopia and Syria. |
 |
|
|
Sudan has a mixed economy. The modern agricultural sector and the majority of its modern industry is controlled by government corporations, either directly or through joint ventures, but virtually all small and medium-sized industries, the service sector and traditional agriculture are privately owned.
Sudan has in the last few years gained access to further concessional funding from Arab sources for private sector development and infrastructure expansion programmes. Inflation has eased slightly partly due to a rapid expansion in credit to the public and private sectors. Oil prices have continued to rise, while Sudanese oil production has also shown significant growth.
The flow of foreign direct investment into Sudan has risen sharply as oil sector development has continued and the government has moved forward with its privatisation programme. Oil exploration in Sudan began in the 1950s, though the country's first oil was not discovered until the 1970s. Today, there are many companies working in exploration and production, as well as the construction of pipelines. |
|
|
| Click map to view larger image |
|
| |
|
|
The Bank of Sudan administers foreign exchange. with the assistance of both authorised and specialised banks acting as exchange houses. All exporters and importers are required to register with the Ministry of Trade. Import licenses are not required, except for those goods imported through bilateral and preferential trade arrangements. The future of Sudan
In April 2005, international donors pledged $4.5 billion to Sudan following a two-day, 60 nation conference in Oslo. The cash follows up on the January 2005 peace accord between the government and the south of Sudan, which has signed an agreement on wealth sharing.
The aid will immediately target poverty and the rebuilding of crucial infrastructure, including roads, schools and hospitals. It is a demonstration of rich nations willing to help the Republic of The Sudan.
Key information
|
 |
Sudan has an estimated two billion barrels of recoverable oil |
 |
Current oil production is 450,000 barrels per day; with expectations rising to 800,000 bpd by 2007 and 1,000,000 bpd by 2010 |
|
Apart from oil, there is a richness in other natural resources including gold, minerals and a vast potential of fertile land as yet uncultivated |
|
Business opportunities exist in all parts of the economy, particularly transport, infrastructure and public services such as health and education |
|
Sudan has a well established banking sector incorporating state-owned and private institutions |
|
Sudan's government is committed to international business development through liberalisation policies, a market-driven economy, the Encouragement Act for international investors and a well defined comprehensive national strategy |
|
100 per cent foreign ownership with guarantees against any form of nationalisation or confiscation |
|
Sudan is the largest key member of the Common Market for Eastern & South Africa (COMESA), which has enjoyed success across a number of sectors including telecommunications, oil and sugar, success they hope can be emulated acrosss all industries |
|
Sudan offers superb tourism opportunities with the confluence of the Blue and White Niles, the Sahara desert, mountains and valleys, resplendant with unmatched scenery and unbeatable wildlife |
|
| |
|
|
|
|
|
