What Industries Are Strong in Sudan?

Industries Are Strong in Sudan

Despite the country’s tumultuous history, many Americans have little idea of Sudan’s potential for growth. The formal private sector is dominated by large family-owned industrial conglomerates. These firms produce consumer goods, produce and sell raw materials, and run their own construction and transport networks. They also have developed their own training programs and market research departments. Many Sudanese corporate leaders have studied in the U.S. or Europe, and they speak fluent English.

Sudan is an important producer of sugar. It is the third-largest sugar producer in Africa, with an estimated 450,000 tons produced each year. The White Nile Sugar Co. is the largest country producer in the country. This industry is the result of joint ventures with foreign companies and government-owned enterprises. This success led the government to open its state-owned Sudanese Sugar Company to foreign investment. This is a sign of a strong and growing industry in Sudan.

Despite this success, Sudan remains a challenging investment location. The IMF has described Sudan’s future prospects as “alarming.” The country is projected to shrink by 7.2 percent in 2020, and the inflation rate has topped 100 percent in April. The onset of the swarms of locusts is expected to increase the number of people needing humanitarian aid. According to the United States Agency for International Development, nine million people are in need of aid this year.

largest companies in Sudan

While Sudan has a relatively low cost of living, it is a major exporter of crude gum Arabic, which accounts for about two-thirds of the global market. This makes Sudan a great location to export raw materials. The country also enjoys low freight rates. For example, most goods are transported by horse and buggy. Sudan’s internal road network is relatively well-developed. As a result, it has a competitive trucking industry.

What Industries Are Strong in Sudan?

Despite this, the government has yet to stabilize the economy. The focus of economic debate in Sudan has recently shifted to how to secure greater revenue. The civilian authorities can recoup stolen assets from the Bashir regime. They can also take control of parastatal companies associated with the security and military sectors. The latter could trigger a conflict between rival factions. So, while economic reform is a priority, the country’s political and social stability is at stake.

largest Sudanese companies

Oil was discovered in Sudan in the 1970s and 1980s. The first oil export was in 2000, saving the country foreign exchange. Oil generates between 70 and 90 percent of Sudan’s total export value. Petroleum products are exported to major markets such as Japan, India, and China. Several large deposits of oil are in the southern and Melut Rift regions. Sudan is currently looking to expand its oil production capacity.

largest family companies in Sudan

Covid-19, a deadly virus, affected the country’s economy and society. As a result, the Sudanese government has introduced new civil rights. The government has removed some of the restrictions that the NISS used to impose, and minorities have religious freedom. The government is in the process of criminalising female genital mutilation. The COVID-19 pandemic was also a major cause of the recent financial crisis.