By : Mohammed Fathi
Despite the vast investment opportunities in the Sudan, the decisions of the investors in the past years were not in favor of the country , as a result of the political confusion the country was experiencing, and the lack of an effective economic vision, with a corrupt group controlling the reins, factors that made the country record a forced absence from motivating global reports for investors, such as the G20’s report on business environment reforms, and business reports issued by the World Bank Group, until this year, a trend which prompted local and international capital to flee away, rather than risking the involvement in a highly blurry business environment. Although Sudan competes annually in the list of the worst countries in the ease of executing business, according to the level of all indicators measured by the report, which is the “Protection of Minority Investors Index, Contract Enforcement Index, Building Permits Extraction Index, and the Cross-Border Trade Index”, a frantic mobility is currently taking place between the relevant authorities to achieve the requirements of its development programs. Each party works on a package of measures to improve the business environment and enhance its competitive capabilities.
Improve the business environment
Sudan desire to implement an achievement in this regard depends on a qualitative shift and a historical transformation at all levels, and one of its most important features is the provision of multiple guarantees, to include small and medium enterprises and entrepreneurs, by providing an investment climate by preparing a competitive environment that attracts qualitative investments and working to promote and develop “industrial” oases and technology areas in different regions of Sudan.
At a time when several bodies concerned with the economic decision are currently working on introducing reforms that contribute to creating a business environment that stimulates creativity and innovation in the coming years, we offer a number of things that will achieve a vibrant society and a prosperous economy, with the support of the Business Environment and Competitiveness Index, to attract more Of the foreign and domestic capitals.
Starting from the platform of an attractive investment law, I see the necessity of providing an investment environment conducive to creativity and innovation, which includes (industrial lands prepared for the establishment of industrial projects, factories ready for small and medium enterprises, industrial incubators for entrepreneurs, oases cities prepared for women’s work, investment lands for real estate development, and logistical solutions that include Custom repositories).
There is no doubt that this investment environment will be a reason for the start of an industrial renaissance in our homeland, because many entrepreneurs embrace valuable ideas, which in turn will drive the wheel of industrialization. The state must only provide a qualified program to support the business sector in this field by attracting local and international experts, so that these training packages, the path to establishing small and medium enterprises, armed with technical and administrative skills.
At this important stage in the life of the Sudanese state, those concerned with the economic decision must establish a body that includes economic experts concerned with receiving initiatives that improve the business environment and stimulate the private sector, from all authorities concerned with economic mobility, and in the future undertake periodic analysis of the procedures and services of government institutions for the business sector and raise its efficiency.