The Investment (Encouragement) Act, 1999
Be it hereby passed, by the National Assembly, and assented to, by the President of the Republic, in accordance with the provisions of the Constitution of the Republic of Sudan 1998, the following Act.
Chapter 1: Preliminary Provisions Title and Commencement
1. This Act may be cited as the, “Investment (Encouragement) Act, 1999,” and shall come into force as from the date of signature.
Repeal and saving
2. The investment (Encouragement) Act 1996, shall be repealed, provided that all the regulations and orders made and measures taken, thereunder, shall remain in force as if they were made or taken under the provisions of this Act, until repealed or amended.
Provisions of the Act to prevail
3. The provisions of this Act shall, in case of inconsistency with the provisions of any other law, prevail to the extent of removing the inconsistency between them.
A. INVESTMENT IN AGRICULTURE
Total arable land is about 200 million feddan (one feddan =4200sqm)
and only 30 million feddan is cultivated.
Investment in agriculture fields is welcomed in the following:
1. Wheat production
2. Sorghum (Dura)
3. Oil seeds (sesame, groundnut, and sunflower).
Given its animal resources, Sudan is considered as the richest country in Africa .the total number of national flock amounted to 141,904 million heads in 2010.
Sudan leather industry is characterized by a number of advantages, witch are not available for most of other industrial sector and they could be summarized into:-
Availability of raw material (all kinds of required leather, with suitable amounts and prices as well).
Availability of infrastructure whether that witch is related to manufacturing of leather raw material(tanneries) or leather in its all phases , whether it is ready for local industry or partially manufactured for export or leather products with high quality.
Sudan has many advantages to attract foreign investment. Sudan is classified as number two of the most attractive countries for investment in Africa and as number three in the Arab region. Acknowledging the importance of investment to boost the economy and to realize direct development, the government established the Ministry of Investment in 2002.
The investment Act for 1999, amended in 2002-2003, is one of the best laws of investment in the area.
The Sudan is considered one of the richest countries it the world in terms of natural resources. It is endowed with fertile agricultural lands, potable wealth, minerals and tourist sites. Sudan is also characterized by its vast virgin areas and varied climates a matter that makes the country capable of the production of different cereals and horticultural crops.
The Sudan has areas that range between 300 to 400 million feddans of arable lands, only 40 million feddans of which are currently cultivated. Lands in Sudan include desert and semi-desert soils, clay plains, sand dunes, rocks soil and the black southern soils.