Investment Climate


Sudan began to encourage investment via joint ventures with local companies and/or privatization of state assets in the sector. The privatization policy aims to increase the economic performance and improve efficiency within the framework of the liberalization policy.

The main objectives of privatization are:

  • Reduce Budget deficit, absorb excess liquidity and curb inflation,

  • Encourage the private sector to increase expenditure and investments, and cause private companies to increase their capital stocks to assist in mobilizing the economy,

  • Utilize liquidity available to the private sector according to priorities,

  • Expand the range of competition between investors to serve the public good,

  • Enlarge direct private ownership by converting some public entities into general joint–stock companies that accumulate small investors,

  • Improve the investment climate to attract local and foreign investments,

  • Acquire and utilize advanced technologies, and

  • Eliminate bureaucratic behavior and practices, improve the administrative system and generalize principles of transparency.

The New Privatization Program for the period 2001- 2003

Entity

Mechanism of Privatization

Status of Implementation

Sudan Airways

To be transformed into a public limited company

Bids of four investors are under processing

Sudan Free Shops and Zones Company

To be transformed into a public limited company in 5 years time

Turned into private limited company with 75% of shares private. The Government is willing to sell more of its shares.

Sudan Shipping Lines Company

To be transformed into a public limited company

Study under revision

Sea Ports Corporation

To be transformed into a public limited company

Study under revision

Irrigation and Excavation Public Corporation

To be transformed into a public limited company

Study under preparation

Roads and Bridges Public Corporation

To be transformed into a public limited company

Turned into public limited company

National Electricity Corporation

Under restructuring for accommodation of private investment

BOT system financing have been incurred

Bank of Khartoum

To be transformed into a public limited company

Turned into public limited company

Cooperative Development Bank

To be transformed into a public limited company.

___

Real Estate Bank

To be transformed into a public limited company

Registered as private company

Rabak Cement Factory

A public limited company. The Government is willing to sell its shares.

___

Friendship Palace Hotel

A private limited company government share of  40% is for sale

 

Sudan Investment Law (Arabic)