Sudan Development Program looking to further Sudan’s economic reintegration
With companies from across Africa, Europe, the Middle East and beyond looking to move into Sudan to exploit the vast opportunities within the country’s various sectors, the Sudan Development Program is pleased to announce that the inaugural SDP summit will take place in Dubai in January 2006.
The announcement of the summit comes following months of progress throughout Sudan, with negotiations taking place between the north and the southern regions in Nairobi, Kenya in January 2005 and the subsequent accord signing in July 2005. Salva Kiir, the leader of southern Sudan, was recently sworn in as first vice president of Sudan, succeeding the late John Garang.
Since the signing of the agreement, international companies have eyed the numerous opportunities to be found in Sudan, within sectors as diverse as construction, oil, banking and agriculture, while a donors meeting in Oslo in April pledged $4.5 billion for the funding of projects in southern Sudan from 2005-7.
Enjoying support from the Sudanese government, the objectives of the Sudan Development Program are to promote Sudan as an attractive investment destination, to secure capital and trade partners for projects already underway and to aid the forming of relationships between business figures and key individuals within the Sudanese marketplace.
The Sudan Development Program will look to increase the number of development projects being carried out in Sudan; prospective projects include the construction of the Lokichoggio-Kapoeta-Juba Road and plans to build a railway to connect Sudan with the Kenyan port of Mombasa.