3rd December, 2015
The Chamber held a business ministerial roundtable on 3 December 2015 which took as its focus potential investment opportunities in Sudan. The event was hosted by Dr Afnan Al-Shuaiby.
Guest speaker was His Excellency, Mr Osama Ali, Minister of State for Investment in the Republic of Sudan, who delivered a briefing on emerging opportunities. He was accompanied by HE Mr Mohammed Abdalla Ali Elton, the Sudanese Ambassador.
Senior executives from a wide cross section of companies with interests in the Sudanese market were in attendance.
Following welcoming remarks by Dr Al-Shuaiby, the event began with a short promotional video illustrating Sudan’s diverse culture, heritage, investment climate, economic resources and the progress it was making in development.
HE Mr Osama Ali stressed the key strategic location of the country which enabled it to act as a bridge between Africa and the Arab countries. He said the country’s GDP in 2015 was expected to reach $99.7 billion and inflation, which increased after South Sudan became independent, was now under control.
There were many attractive incentives on offer to investors in modern Sudan and it was planning to improve conditions further with a new Investment Law.
Sudan’s free zones would offer the usual incentives such as guaranteed 100 percent ownership, and no restrictions on capital and labour. Sudan needed UK input to develop the infrastructure that was required for these new free zones.
There were opportunities for investors in improved food production to supply export markets. With regards to pharmaceuticals and medical equipment, Sudan was aiming to manufacture for itself some 30-40% of what it currently imports. The Minister stressed the country’s rich mineral resources of gold, chrome, iron, copper, uranium, gypsum, marble and tin.
Both the Minister and the Ambassador thanked the ABCC for its continued work in promoting UK-Sudanese business contacts. Dr Al-Shuaiby said that the Chamber was ready to assist UK firms seeking to invest in Sudan.Back To 2015 Gallery