Sudan officially the Republic of the Sudan is a country in Northeast Africa. It borders the countries of the Central African Republic, Chad, Egypt, Eritrea, Ethiopia, Libya, South Sudan, and the Red Sea whose capital is Khartoum With a population of 5,274,321.
It has a population of 46,916,528 as of 2023, and occupies 1,886,068 square Kilometres (728,215 square miles), making it Africa‘s third-largest country by area, and the third-largest by area in Africa.
It was the largest country by area in Africa and the Arab League until the secession of South Sudan in 2011, since which both titles have been held by Algeria. Its capital is Khartoum and its most populated city is Omdurman (part of metro Khartoum).
For most of its independent history, the country has been beset by internal conflicts that weakened its ability to play a leadership role in the region. Under the terms of a comprehensive peace agreement in 2005, South Sudan seceded in 2011 and became the 54th independent State of Africa.
General Abdel Fattah Abdelrahman al-Burhan born 11 July 1960 is a Sudanese politician and Sudanese Army general who is the de facto head of state of Sudan as the Commander-In-Chief of the Sudanese Armed Forces after leading a coup d’état in October 2021 that deposed Prime Minister Abdalla Hamdok.
Real GDP was estimated to have shrunk by 8.4% in 2020 after shrinking by 2.5% in 2019. The COVID–19 pandemic’s effect on commodity prices, trade, travel, and financial flows contributed to subdued economic activity.
Sudan is a very attractive investment market. With a population of 43.8 million people, the domestic market is large. Populations of neighboring countries are also notable, accounting for an aggregate population of approximately 250 million people. Some of these neighboring countries are among the fastest-growing countries globally, including Ethiopia and Egypt, which recorded 8.3% and 5.6% GDP growth in 2019, respectively.
Sudan is also geographically well-placed with easy access to East and North Africa, the Gulf, and the European Union. Additionally, approximately 65% of Sudan’s population is below the age of 35, indicating a young and growing workforce.
Business opportunities in Sudan
Sudan offers multiple investment opportunities in natural resources/mining (oil, gold, gas, zinc….), a favorable climate suitable for all types of crops, and water irrigation is readily available and/or natural. Sudan is highly regarded in both the Middle East and Africa concerning its livestock and animal resources.
Sudan has also opportunities in the industry in the following sub-sectors: agro-processing, food, spinning and textiles, leather, chemicals, pharmaceuticals, oil and soap, engineering, building materials and refractories, and printing and packing.
