Investment
Sudan Economic Development
The Country of Sudan is a developing economy that currently relies heavily on oil production, high oil prices, and foreign direct investment. The countries supplying most of the economic assistance over the years has been the United States, the Netherlands, Kuwait, Saudi Arabia, Italy, and Germany. There is also a few other OPEC countries that have supplied considerable economic assistance as well. Sudan also relies on the World Bank for loans on various development projects that the country undertakes.
Sudan registered a little over 10% GDP growth in 2006 and 2007. That definitely shows that their economy is on an upswing. Most of that growth is fueled by higher oil production and prices. Agriculture also plays a big role in Sudan’s economy by making up 1/3 of Gross Domestic Product. Even more significant is that agriculture employs over 80% of the overall Sudanese work force. The biggest growth sector in the years to come may be in mining. Sudan is reportedly sitting on large mineral deposits, but there has not been enough exploration to give a true gauge on what is actually there.I do have to say that this is an economy that everyone should watch. They have these untapped resources and an oil industry that is fairly strong.