I WELCOME YOU NOW TO GLOMEDIA CO. THE THEN DIAMEDIA CENTER DIRECTORY OF MAJOR COMPANIES IN SUDAN 2005/2006.
Sudan is the land of exceptional promise where there is so much to be seen and known obscured by internal crises, which give it an unfair image in the international media. The Comprehensive Peace Agreement (CPA), signed on January 9, 2005 between the Government and the SPLM, ended a 20 year civil war. Unfortunately before the peace deal could be sealed with the South of Sudan, another war broke in the western region of Darfur, which has kept the Country deleteriously in the international spotlight. Despite political unsettlement, Sudan is experiencing a boom because it is earning investor confidence. The country has, over the past 13 years, sustained average growth above 6% and several companies are enjoying annual turnover of more than $100 million. Sudatel, the Sudanese telecommunications conglomerate, has hinted that its group profits for 2004 exceeded $200 million. Petroleum production is up to 345,000 barrels a day, with high prices enabling the government to pursue major new developments in hydroelectric power generation, roads, habitat, education and health care, to name a few.
Foreign investments in Sudan during 2004 exceeded one billion dollars, and Khartoum Stock Exchange capitalization nearly tripled, closing at $2.15 billion. Government bonds, which pay investors returns on the State’s commercial assets, are benefiting private sectors, while mutual funds have been yielding very high margins.
Dal Group, Haggar Holding Group, El Nefeidi Group, Taha El Roubi, Araak Group, Ayoub Industries Group, Nilein Holding Group, Golden Arrow Group, Moawia El Bereir Group,Mamoun El Bereir Group, Bee Group, Zawaya Group, Centeral Trading Group, Areeba, Zakhem Group, Afras, Unique Concept, SFZ, Guma Al Guma, Hafiz El Berbery Group and Computerman & Al Akadabi Group are but some of the leaders of the private sector in Sudan.
We have endeavored in this publication to give an objective, composite picture of this promising country.
Sudan indicates the potential to perhaps be the most successful country in tropical Africa. Socially, Sudan is a model in civility. The capital, Khartoum, is widely considered to be one of the safest metropolises in the world and the low insurance rates attest to this. There is no segregation in housing or serious social tensions between the different ethnic, racial and religious groups. Instead, there is an inevitable sense of fraternity among the people.
In Sudan, there is obviously tremendous human and material potential waiting to be developed. Sudanese are in dire need of friendly, enlightened positive intervention from the international community through Investors as well as visitors. Finally, I feel obliged to express my deep appreciation of all those who contributed to the successful publication of this maiden edition of Directory of Major Companies in Sudan 2005/6, especially my wife Nahrain, my sons Danny & Dory, Above all, my staff, associates, and I are appreciative of Byblos Bank Africa’s valuable support towards the realization of this volume.