Sudanese Companies
When you consider the largest companies in Sudan, it may surprise you to find out that many of them are based outside the country. That’s a good thing, though. Companies like Dolphin and Coldair Engineering are international companies that have local operations. Listed below are some of the largest companies in Sudan. Read on to learn more about the various sectors these companies operate in. Also, learn about some of the different subsidiaries of these companies.
Oil is one of the biggest sources of revenue for the Sudanese economy. The country’s oil fields have fueled rapid development. The New York Times ranked Sudan as the 17th-fastest-growing economy in 2010. However, due to the secession of South Sudan, which contains eighty percent of the country’s oilfields, Sudan’s future economic growth is uncertain. In this list, notable companies with primary headquarters in Sudan are grouped according to industry classification benchmark. They include defunct companies as well.
China has made a good first impression in Sudan. The country was not new to China. It was a familiar arms dealer to many Sudanese governments. The Nimeiri government purchased Chinese weapons. In the 1990s, Sudan’s internal conflict heightened the number of Chinese purchases of weapons. Moreover, improved finances and international credit helped China’s business in Sudan. It is unclear whether China’s investments in the country will continue.
The Largest Sudanese Companies
The country has suffered from multiple civil wars and has faced the threat of a new one. With southerners voting for independence on January 9, 2011, Sudan faces another major challenge. In the short term, political instability is likely to keep major investors from investing in Sudan. However, the country is not without its share of oil, which accounts for 470,000 barrels per day. Agriculture projects are based in the north. The prices of all companies listed on the exchanges are delayed by at least 15 minutes.
In May 2007, President Bush imposed new economic sanctions on Sudan, blocking the assets of individuals implicated in the Darfur violence. In the long run, these actions will help end the Sudanese suffering. But, in the meantime, it is important to note that the U.S. is committed to ending the conflict in the country. It will continue to take years to eradicate all forms of corruption and violence in the country. That’s why sanctions against Sudan are necessary.
largest family companies in Sudan
Lundin Energy has been accused of promoting militias and facilitating war crimes in the region. The company’s role in supporting this crime is well documented in a report by NGO PAX for Peace. Lundin executives tried to avoid responsibility, but the Swedish prosecutor indicted them on November 11, 2021. As a result, Lundin was indicted for complicity in war crimes in Sudan between 1997 and 2003.