Sudan's private sector has been severely impacted by the recent war, with widespread destruction of its assets. According to Ma'awiya al-Bureir, head of the Sudanese Employers' Federation, the sector has shown resilience and quickly resumed operations, playing a vital role in maintaining food security and supporting the most vulnerable. Al-Bureir made these remarks at a high-level economic dialogue organized by the UN in partnership with the Ministry of Finance.
The economic dialogue, attended by heads of commercial, industrial, agricultural, and transport chambers, aimed to discuss ways to revive Sudan's economy. Al-Bureir emphasized that rebuilding and recovery efforts should be viewed as an investment opportunity, rather than a burden solely on the state. He highlighted the need for a sustainable and inclusive dialogue between the government and private sector to shape a clear national strategy for recovery.
Al-Bureir outlined a roadmap for the private sector's recovery, focusing on key areas such as establishing a permanent and inclusive dialogue platform, creating sector-specific forums, and developing a national strategy for recovery. He stressed the importance of involving the private sector in economic policy-making and decision-taking at both federal and state levels.
The Sudanese Employers' Federation head called for urgent relief packages to support productive sectors, particularly in energy provision and renewable energy expansion. He also urged international partners to open up financing channels for Sudanese businesses and institutions, enabling them to access regional and international funding opportunities.
Al-Bureir welcomed the broad national, regional, and international participation in the conference, seeing it as a crucial factor in the success of the dialogue. He expressed hope that the discussions would yield actionable recommendations, contributing to Sudan's recovery and reconstruction efforts.
The private sector has been severely affected by the war, with losses exceeding initial expectations. Despite this, the sector has demonstrated exceptional adaptability and played a vital role in supporting the population during difficult times. Al-Bureir praised the UN's initiative in organizing the economic dialogue, reflecting the international community's interest in the private sector's role in Sudan's economic recovery.
The economic dialogue is expected to contribute to Sudan's economic revival, with a focus on the private sector's role in driving growth and investment. Key areas of discussion include energy provision, financing, and international partnerships. The outcome of the dialogue will be crucial in shaping Sudan's economic future and supporting the country's recovery efforts.
Key points
- Sudan's private sector seeks $1 billion in investment to support recovery efforts.
- The Sudanese government and private sector are working together to develop a national strategy for economic recovery.
- The international community is providing support for Sudan's economic recovery, including through the UN's initiative.
