Investment in Sudan
One of the main factors that characterize the investment climate in Sudan and is an attractive element for investors are as follows:
1. Sudan Strategic Location
Which represents the entrance to the African continent from the east, and neighboring seven African countries, Sudan represents a sea port for a number of them. The site overlooks the Red Sea, making Sudan the center of world markets in the Middle East and the Far East in Asia, Europe and the United States and receiving ships crossing the Red Sea via the Suez Canal. Sudan is associated with neighboring countries in Jue and Berri, and is associated with each other with maritime navigation and river transport as well.
2 – resources and natural potentials that are rich in Sudan
This includes agricultural land and freshwater resources from multiple sources such as rivers, rain and groundwater, as well as forests, grasslands, animal wealth and mineral wealth, including gold, precious metals and oil wealth. Sudan is characterized by abundant raw materials for most industries, as well as characterized by the abundance of human resources, which is represented in the professional and trained workers and wages less than other countries.
3. Basic buildings and service facilities
– The existence of infrastructure and service facilities that can be modernized and developed under the policies of the government
– Enhancing the investment environment and keeping pace with the expected renaissance after the discovery of oil and peace in Sudan, including roads, railways, sea and sea ports, communication projects, power stations, water purification, sewerage system, etc. to promote the current industrial cities and create new industrial cities with all necessary services and facilities for investors.
– The existence of free zones in the cities of Suakin and Aljaili and give investors in them many of the benefits of encouragement.
– The existence of banking sector, insurance sector, auditing services and financial, legal and technical consultancy.
– The existence of educational and health facilities of advanced level contribute to the provision of services suitable for citizens and foreigners.
– The presence of an advanced construction and construction sector that contributed to the presence and availability of housing and offices that meet the needs of investors.
4. Political stability, which is the federal system of government, which divides the country into three levels (federal / local / local) and gives the opportunity to participate for all citizens.
– The country is run by a central government based in Khartoum, the national capital.
– The country is divided into eighteen states for each state government.
Sudan also has an independent judiciary capable of resolving disputes. Sudan’s justice agencies and legislation do not differentiate between Sudanese and foreign citizens.
5. Economic policies, which included
– Liberalization of the economy.
– Developing the securities market.
– The structure of the economy (privatization of public facilities, and the abolition of the monopoly of the State of some areas of production and service)
– Updating investment promotion laws and regulations.
– The development of a flexible investment law that has all the privileges encouraging investors include:
– Full exemption from customs duties for capital equipment.
– Freedom of movement of capital.
– Free transfer of project profits.
– Simplification of investment procedures through the window one stop-shop.
– Granting projects exemptions from business profits tax ranging from five to ten years for investment projects.
– Granting full customs exemptions to strategic and non-strategic projects on capital equipment.
– The strategic project grants the necessary land for free.
– The non-strategic project grants the land at an encouraging price.
– The investor has the freedom to work alone without requiring a Sudanese partner.
The law provided the investor with the following basic guarantees:
– Non-compliance or expropriation or expropriation of property law and fair compensation.
– No seizure, confiscation, freezing, seizure or imposition of custodianship of funds invested in judicial proceedings.
– The investor has the right to re-transfer the invested money in case the project is not implemented or liquidated.
– The transfer of profits and the cost of finance by the currency to be imported on the date of maturity (after payment of obligations due legally).
– The project is registered in the register of exporters and importers automatically.
Sudan has a domestic consumer market of 33 million consumers and this market is expanding with Sudan
Trade with neighboring countries, especially after signing trade agreements with these countries to become market size
With some 400 million consumers.
Regional and international conventions:
To strengthen the investment climate, the Sudanese government has concluded regional and international agreements to encourage investment and increase the volume of trade with these countries:
– Holding a number of agreements with neighboring countries in the field of trade and trade protocols.
– Sudan’s accession to COMESA.
Sudan sought to join the WTO.
– Sudan seeks to join the Arab Free Trade Organization in 2007.
– Sudan has strengthened cooperation relations with regional and international organizations and institutions interested in investment.
The private sector in Sudan enjoys the respect and interest of the state, thus guaranteeing full freedom of practice
Economic activity in all its sectors in agriculture, industry, trade and service areas. A sector
Qualified and willing to participate in various development projects. The private sector has its administrative regulations
The Union of Employers, and the Sudanese Chambers of Commerce and Industry, which are making a great effort to support
Strengthening the role of the private sector and increasing its contribution to the economic and social development process witnessed by it