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• GDP: US$22.8 billion (2005).
• Main exports: Crude oil and petroleum products, cotton, gold, sorghum, peanuts, gum arabic, sugar, meat, hides, live animals and sesame seeds.
• Main imports: Oil and petroleum products, oil pipeline, pumping and refining equipment, chemical products and equipment, wheat and wheat flour, transport equipment, food, tea, agricultural inputs and machinery, industrial inputs and manufactured goods.
• Main trade partners: Japan, China (PR), Saudi Arabia, Kuwait, United Arab Emirates, Germany, UK, France, Turkey and Egypt.
• Main exports: Crude oil and petroleum products, cotton, gold, sorghum, peanuts, gum arabic, sugar, meat, hides, live animals and sesame seeds.
• Main imports: Oil and petroleum products, oil pipeline, pumping and refining equipment, chemical products and equipment, wheat and wheat flour, transport equipment, food, tea, agricultural inputs and machinery, industrial inputs and manufactured goods.
• Main trade partners: Japan, China (PR), Saudi Arabia, Kuwait, United Arab Emirates, Germany, UK, France, Turkey and Egypt.
Economy
Once described as the bread basket of the Arab world, Sudan is a country of high, though largely unrealised, economic potential, which is presently crippled by civil war, a foreign debt of around US$15 billion, and climatic effects which have brought both drought and flooding.
Agriculture employs most of the workforce, producing cotton – the major export, wheat, groundnuts, sorghum and sugar cane. Production of gum arabic, once an important product, has declined through the introduction of synthetic substitutes and increasing competition, particularly from West Africa. Livestock breeding has suffered from persistent drought.
The manufacturing sector concentrates on processing the country’s agricultural output (sugar, for example) and the production of textiles, cement and some consumer goods. There are some mineral deposits including marble, mica, chromite, gypsum and gold.
There are also some onshore oil deposits: located in the mid 1990s, these came on stream in 1999 and have been of some help in easing Sudan’s chronic power shortages. The government has announced a major dam project on the Nile and a new oil refinery that are intended to meet both electricity demand and the urgent need for planned water distribution.
Ultimately, Sudan relies on foreign aid to sustain its economy. Natural phenomena, compounded by the effects of the two-decade-long civil war, have made this more pressing than usual since 2000, as Sudan has needed two large injections of emergency food aid to stave off mass famine.
Relations with the IMF have been rocky (Sudan was almost thrown out in the mid 1990s) but the Fund is now providing some financial support in exchange for a standard economic reform programme. Elsewhere, while the political posture of Sudan’s Islamic government has alienated Western governments, it can still rely on support from wealthy Arab states, notably Saudi Arabia.
Nonetheless, the Islamic government’s economic programme has successfully achieved its principal targets of 5 to 6% annual growth and inflation of below 5%.
Agriculture employs most of the workforce, producing cotton – the major export, wheat, groundnuts, sorghum and sugar cane. Production of gum arabic, once an important product, has declined through the introduction of synthetic substitutes and increasing competition, particularly from West Africa. Livestock breeding has suffered from persistent drought.
The manufacturing sector concentrates on processing the country’s agricultural output (sugar, for example) and the production of textiles, cement and some consumer goods. There are some mineral deposits including marble, mica, chromite, gypsum and gold.
There are also some onshore oil deposits: located in the mid 1990s, these came on stream in 1999 and have been of some help in easing Sudan’s chronic power shortages. The government has announced a major dam project on the Nile and a new oil refinery that are intended to meet both electricity demand and the urgent need for planned water distribution.
Ultimately, Sudan relies on foreign aid to sustain its economy. Natural phenomena, compounded by the effects of the two-decade-long civil war, have made this more pressing than usual since 2000, as Sudan has needed two large injections of emergency food aid to stave off mass famine.
Relations with the IMF have been rocky (Sudan was almost thrown out in the mid 1990s) but the Fund is now providing some financial support in exchange for a standard economic reform programme. Elsewhere, while the political posture of Sudan’s Islamic government has alienated Western governments, it can still rely on support from wealthy Arab states, notably Saudi Arabia.
Nonetheless, the Islamic government’s economic programme has successfully achieved its principal targets of 5 to 6% annual growth and inflation of below 5%.
Business Etiquette
Businessmen should wear a lightweight suit. Visiting businesspeople should respect Muslim customs. It should be clearly stated in advance if the visitor is female. English is widely spoken in business circles although knowledge of a few words of Arabic will be well received. Punctuality is less important than patience and politeness. Personal introductions are an advantage; business cards should have an Arabic translation on the reverse.
Office hours: Sat-Thurs 0800-1430.
Office hours: Sat-Thurs 0800-1430.
Business Contacts
Sudan Development Corporation (SDC)
PO Box 710, 21 al-Amarat, Khartoum, Sudan
Tel: (11) 472 186 or 195.
Sudan Chamber of Commerce
PO Box 81, Gamhoria Street, Khartoum 11114, Sudan
Tel: (11) 772 346 or 776 518.
Website: www.sudanchamber.org
PO Box 710, 21 al-Amarat, Khartoum, Sudan
Tel: (11) 472 186 or 195.
Sudan Chamber of Commerce
PO Box 81, Gamhoria Street, Khartoum 11114, Sudan
Tel: (11) 772 346 or 776 518.
Website: www.sudanchamber.org
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