Key Competitive Attractions
South Sudan is the world’s youngest nation and officially became an independent state on 9 July 2011. The economy is currently one of the most underdeveloped in Africa.
The country is rich in natural resources: petroleum, iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold, and hydropower. However, the country is still heavily dependent on agriculture, and one of the most significant export items is timber.
It is estimated that around 80% of the untapped oil deposits in Sudan is in South Sudan. Nonetheless, according to previous agreements, the government of Khartoum receives 50% of oil revenues due to Juba’s dependence on pipelines, refineries, and port facilities (Port Sudan) in the north. A potential alternative pipeline may be constructed to the coast of Kenya in the future.
Assistance and Support For New Business Investors
The Southern Sudan Investment Authority (SSIA) was created in 2008 by Presidential order. The agency is responsible for licencing, promotion and facilitation of all investment activities in South Sudan. Activities include analysis and dissemination of information on investment opportunities.
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