Bussines in Sudan
The continued growth in private and public investment was the main source of the recent upsurge in GDP growth. The two together accounted for
4.7percentage points of growth in 2008. The oil sector attracted substantial FDI for production and further exploration. Private investment continued
to increase in agriculture and services, mainly transport, communication, hotel and restaurants. The contribution of total consumption to real GDP
growth was only 2.8 percentage points in 2008. The contribution of private consumption was greater than that of government consumption. The external sector contributed 0.9 percentage points to real GDP growth in 2008. Obviously, growth in government consumption can stimulate growth but is often unsustainable.
Real GDP grew by 8.4 per cent in 2008, up from 10.2 per cent in 2007. The industrial sector accounted for 24.7 per cent of total GDP in 2007,
mainly due to oil production (17.2 per cent of GDP), which grew at 19 per cent in 2008. The manufacturing sub-sector grew by 4 per cent in 2008
compared to 2 per cent in 2007. Most successful industries are in food processing, notably sugar refining, as well as in arms and vehicle manufacturing.
The construction boom and increased demand for building material also contributed to growth in manufacturing output.
How the oils revenues will be share with South of Sudan?
Sudan Business comments
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They're have agreements, if south decided to go independent that they'll share the benefits of oils.
Ibrahim , Sudan, Paris
The south will get its share, don't forget that all the structures of oils company are in North.
Ali , Sudan, London
And I thought I was the snelsibe one. Thanks for setting me straight.
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