"Participation Builds Unity"
"MADE IN AFRICA - FOR AFRICA"
"Participation Builds Unity"
"MADE IN AFRICA - FOR AFRICA"
PRESENTS
SUDAN - AN INVESTMENT HAVEN
AbdelGadir WARSAMA (Dr)
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SUDAN - MAY 2005
Dear Mr Peter ,
- There is one body , one window stop , to handle & approve all investment applications . The procedure is very simple and there is trained officials to help .
- There is no discrimination between all investment projects and or investors being nationals or foreigners .
- Incentives given to investors include , allotment of land required for the project almost free or at a nominal fee , free utilities or at a nominal fee , free importation of all equipments and exemption of customs duties , tax haven extendable for 10 years , free importation of raw material , foreign manpower if required , free exchange , full repatration of profits in the same currency , full repatration of capital , loans and equipment in case of liquidation or other reasons , export of produce ...etc. MANY FOREIGN INVESTORS CLASSIFY THE INVESTMENT INCENTIVES IN SUDAN AS ONE OF THE MOST GENEROUS IN THE WORLD .
- Guarantees given to investors include , inter alia , no nationalization or seizure or confisication except for legal cause and after payment of adequate compensation . In this respect , it is important to mention that Sudan Judiciary is independent .
- Strategic projects as defined in the law or projects in remote areas are given more incentives .
- Sudan ratified all conventions / agreements related to settelement of investment disputes .
- In Sudan , there is foreign investment from almost all parts of the world . They are investing in agriculture , livestock , water & dams , oil & gas , energy , mining , IT services , hotels , communications , transportation , tourism , health , education , utilities , sports , aviation , vocational training & manpower , construction , industry ...etc .
- In addition to the natural resources in Sudan we have the required manpower of qualified and cheap labour . The level of education in Sudan is very high . For example , the universities are above 36 , this is in addition to specialized & technical institutes and colleges .
As mentioned earlier I was very keen to attend and speak in details about our experience in Sudan and exchange views with other participants for the betterment of Africa , however , I was not given this opportunity . I gave papers about investment in Sudan and other similar topics in many international conferences held in Dubai , China , Egypt , Bahrain , Pakistan , Malaysia , Tunisia , Turkey ...etc
May be you could refer to Sudan experience during this Roundtable . Good luck and many thanks .
Dr AbdelGadir Warsama
Since you will be attending THE INVESTMENT ROUNDTABLE , I believe it worth to highlight some of the major points regarding investment in Sudan :
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