Business in Sudan Arab Foreign Trade Economy Exports Khartoum SUDATEL

Summary

Sudan Arab is considered the largest country among and African states, with an area of about one million square miles. It is surrounded by nine Arab and African states: Egypt, Libya, Ethiopia, Eritrea, Chad, Central Africa, Democratic republic of The Congo (ex-Zaire), Uganda, and Kenya. As well, it borders Saudi Arabia via the Red Sea. Sudan has an estimated population of 42 million.

The location on the Red Sea makes Sudan the centre of international markets; Middle East, Far East, Asia, Europe, and the USA as well as the recipient of ships crossing the into the Red Sea through the Suez Canal. Sudan joined the COMESA trade bloc. Sudan is looking forward to joining the World Trade Organization. Cotonou Agreement (European Union).

Islam is the religion of the majority in Sudan, followed by Christianity (South). Arabic is the official language.

Sudan is very rich in natural resources, a fact that has inevitably made the country base its economics on agricultural and animal production. The extraction of petroleum gave Sudan an important economic dimension. The importance of Sudan has increased in the field of investment during the last period due to its increasing economic importance from one side and its abundant economic resources from another.

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Agricultural sector contributes about 45.5% of the total national growth (2002), and 80% of the population depends on it. Of Sudan’s exports, 90% are agricultural products such as cotton, Gum Arabic, cattle, meat, oil seeds, sorghum, vegetables and fruits. Sudan is the only Arab country where agricultural balance is positive.

Goods exported include petroleum, benzene, kerosene, natural gas, gold, sesame, cotton, gum Arabic, sugar, meat, peanuts, leather, molasses, livestock, animal feed and various others. The value of petroleum exports increased from 1350.9 million dollars in 2000 to 1376.6 million dollars in 2001 with an increase of 1.9%.

As for the destination of Sudanese exports the Asian countries group represented the largest market for Sudanese exports in 2001 as they have received 78.25 of the total exports. The Peoples Republic of China is considered the largest importer of Sudanese goods with 59.8% of the total exports followed by Singapore 8.1% then Japan at 4.9% and South Korea at 3.9%.

Major imports include machinery and other capital equipment, foodstuffs, manufactured goods, transportation means, chemicals, and textiles.

Modes of Islamic Finance of The Bank of Sudan: Murabaha, Musharaka, Mudaraba, Mugawala, Istisna’a, ...

Economic profile of the States of Sudan. Sudan is divided into twenty-five states (wilayat, sing. wilayah) which in turn are subdivided into 133 districts. The ten states in Southern Sudan have been divided into 84 counties.

Khartoum, where there is the federal government headquarters, the national organs and institutions, diplomatic corps and foreign organizations. The tri-town capital brings together the three cities of Khartoum, Omdurman and Bahry (Khartoum North), where most of the country's major industries and services concentrate. It also constitutes an important commercial, cultural and educational centre. : Khartoum State enjoys a rich and fertile agricultural area that amounts to 1.8 million feddans, 50% of them are exploited. Pure and potable water is provided by the White and Blue Niles besides the groundwater sources.

Transport has a vital role in a country with an area of one million square miles whose area is equal to 20 European States, and considered as the ninth country in the world in terms of an area being described as the (country continent). Transport has a vital role in a country with an area of one million square miles whose area is equal to 20 European States, and considered as the ninth country in the world in terms of an area being described as the (country continent). The Sea Ports Corporation is another major contributor in the transport sector. Port Sudan is the main port for imports and exports. Sea transport plays a major role in serving exports and imports. The Sudanese Sea Lines Company is operating regular steamers to northwest Europe, UK, to the ports of Spurn, Hamburg, Anthrop, Lorene and to Tripoli and Benghazi ports in Libya.

Investment opportunities in the infrastructure and service facilities are numerous and include railways, roads, bridges and tunnels, internal water ways, civil aviation, air transport, seaports, shipping, and land transport (trucks and buses). Opportunities also include communication, educational services, health services, and various others.

Established in 1951 as a single company under the name Sayer & Colley, the DAL Group has since grown into the largest and most diversified privately-owned group of companies in Sudan.

SUDATEL is a telecommunications and Internet service provider in the Sudan. The company is responsible for the construction and maintenance of Sudan's telecom infrastructure. Sudatel is more than 60% owned by the Sudanese government; the remainder being owned by private interests. Its stock is listed on the Bahrain Stock Exchange.

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