A Call to Attract Foreign Investments after War

Sudan Events – Rehab

Economist Dr. Haitham Fathi pledged the achievement of development in Sudan to the entry of large and diverse investments, and called for working seriously to attract foreign investments up to the equivalent of 40% of the volume of gross domestic investment in order to achieve growth rates of up to 6% to achieve a major development shift in changing the structure of the national economy and bridging the gap between it and the slowdown in reform and development, the decline in growth rates, the decline in individual income, and the worsening problem of unemployment.
During his statement to Sudan Events , Fathi warned that encouraging investment requires activating the banking and financial system in order to grant medium- and long-term loans, whether for the purpose of establishing production or service projects in addition to localizing joint-stock companies and offering their shares for public subscription, in order to transfer national savings and make them an effective investment bloc.
Fathi stressed that moving the wheel of the Sudanese economy after the war and during the process of rebuilding the Sudanese state and its economy falls on the banks to support and finance the owners of small and medium enterprises because these projects contribute to providing the necessary goods and services and save the state from importing hard currency. These projects, according to international statistics, accommodate more than 70. % of the labor force, and he believed that this is how unemployment and poverty are addressed.