Southern Sudan Trade & Investment Missions/Exhibition (sstime)
Venue: Nyakuron Cultural centre
|Event Date/Time: May 22, 2008|
Described as the â€œBreadbasket of Africaâ€ Sudan is the largest and one of the most diverse countries on the continent. With mixed economy which provides numerous opportunities for commercial development, the country enjoys plentiful of natural resources .Improved global trading relations and increased international investments have been identified as key targets for Southern Sudan. Blessed with oil reserves that could put it in the league of the Gulf States, it also benefits from a large quantity of other natural resources such as gold and vast potential of fertile land yet uncultivated.
Southern Sudan alone covers an area of 597,000 sq kms. Itâ€™s seen as a virgin territory presenting very good and immense opportunities to do business; many investors are keen to exploit the new opportunities. The leading investors are coming from countries like China, Kuwaiti, Iran, Dubai, Saudi Arabia, South Africa, Malaysia, Russia, Sweden, Germany and East Africa
Juba the capital city of Southern Sudan is the most expensive city in the Africa yet lacking basic facilities. It has given many entrepreneurs the chance to do business where one pays 150 US$ for bed in a tent or a prefab building per one night (a lucrative business for an investor who wants to invest in housing).
There is alot of Investments opportunities around and all kinds of services are required. One is talking about building a new country with enormous resources of every kind.
International donors pledged $4.5 billion for the funding of projects in Southern Sudan affected areas at an Oslo donors meeting in April 2005. Funds from the meeting are already being put to good use with several projects being implemented. The need for companies to implement these projects and for further investments to launch more initiatives provides many commercial opportunities for those willing to become involved.
In overall, the country's Gross Domestic Product grew at 8% in 2006 and 12% in 2007 according to the International Monetary Fund and is predicted to increase by 25% in 2008.This is largely because Sudan has increased it's crude oil production to 512,000 barrels a day just a drop compared with Saudi Arabia or Iran and just enough to bring billions of dollars to a country that until recently was one of the poorest on earth.
Foreign Direct Investment has shot up from 128 US$ million in 2000 to 2.3US$ billions this year despite an American Trade Embargo. The Economy is booming with little help from the west. Oil has turned Sudanâ€™s economy into one of the fastest growing in Africa if not in the world.
As the largest country in Africa blessed with a sound liberalized macro economy, Southern Sudan has great potential as a Trade and Investment destination. The Government is warmly encouraging the countryâ€™s private sector, while with no exchange controls; the country has a low level of inflation, with the countryâ€™s burgeoning oil industry being the catalyst for its economic growth.
The Government of the Southern Sudan is eager and co-operative to assist with the development of the country creating a good business atmosphere for investors. The authorities have been looking to enhance the investment environment of the country in order to keep up with the growth predicted with the development of the countryâ€™s oil sector. The development of Southern Sudanâ€™s roads, railways, and airports along with its telecommunications, electricity generation stations, water purification facilities and sanitation network have been deemed a priority in the country.
The Government of Southern Sudan (GOSS) is involved in promoting the international development of the Southern Sudan, state companies and business leaders from the private sector. That is done with the aim of facilitating commercial development within Southern Sudan, stimulating investment and improving trade relations with the international community as Southern Sudan emerges following years of economic isolation.
The Government of Southern Sudan (GOSS) through the Ministry of Commerce, Trade and Supply and Charleston Travel Ltd are organizing Trade & Investment return missions to Juba to deepen business relationships between East African Traders & Investors and Southern Sudan Partners as a follow-up to the Trade Fair and Investment Exhibition that took place in Juba Southern Sudan in late 2007.
Charleston Travel Ltd will arrange a tailor made mission and finalize all your travel arrangements including: Air travel to and from Juba; Visas; Vaccinations; Meet and Assist at the Juba International Airport; Logistics and Transport in Juba; and most important, arranging for appointments to meet with Government of Southern Sudan (GOSS) officials from various arms of the government and other stakeholders i.e. NGOâ€™s, UN agencies and local traders etc to discuss your specific avenues of co-operation.
The purpose of the Trade mission is to increase trade and strengthen business by identifying new projects, investment opportunities and business partners. The Trade mission will provide opportunities to meet with government officials, representatives of trade and industry and other key decision-makers.
The program is preliminary. As far as possible, we will try to meet your requests. Therefore, we would very much appreciate your input. We hope you will find this invitation interesting, and look forward to receiving your confirmation.