MAYBE THERE IS A CIVIL WAR BUT THERE IS FRESH MARKET AND GOOD BUSINESS AREA THAT MUST BE SEEN: SUDAN REPUBLIC
Hassna EL KHOLDI - STORK LIFT
Sudan Republic is a is a country in Northeast Africa. It borders the countries of Central African Republic, Chad, Egypt, Eritrea, Ethiopia, Libya, South Sudan, and the Red Sea , it occupies 1,886,068 square kilometres (728,215 square miles), making it Africa's third-largest country by area, and the third-largest by area in the Arab League. Its capital is Khartoum and its most populated city is Omdurman (part of metro Khartoum).In Sudan Arabic and English is Spoken. According to 2020 statistics, it’s population is about 43.85 million.
EXPORTATION: Based on some information the Sudan exports Gold ($1.2B), Crude Petroleum ($791M), Other Oily Seeds ($742M), Sheep and Goats ($448M), and Raw Cotton ($134M), exporting mostly to United Arab Emirates ($1.23B), China ($740M), Saudi Arabia ($561M), India ($467M), and Egypt ($207M). In 2019, Sudan was the world's biggest exporter of Other Oily Seeds ($742M), Sheep and Goats ($448M), and Ground Nut Meal ($39.8M).
IMPORTATION: Sudan imports Raw Sugar ($470M), Wheat ($445M), Packaged Medicaments ($218M), Jewellery ($142M), Rubber Tires ($131M), it imports mostly from China ($2.29B), India ($1.08B), United Arab Emirates ($846M), Egypt ($464M), and Turkey ($306M).
Turkey is one of the most active countries in term of making trade agreements with Africa and the middle East in the last decades and has been always taking it’s initiative where it was among the first countries, which recognized Sudan’s independence and opened an Embassy in Khartoum just after its independence in 1956. Turkey shows also its interest in help boosting the economy of the countries they have crisis and civil wars and sudan is one of those countries where the total volume of its investments in Sudan has reached 600 million USD. In 2017, Turkish delegation of more than 150 businessmen visited Sudan to explore opportunities. Sudan is an important export market for Turkey and Turkish exports reached $400 Million in 2017. Turkey mainly exports food products and electric machinery to Sudan. In 2020, Turkey’s export to Sudan was 375 million USD, the main export items of Turkey to Sudan are electrical machines, steel products, automotive by products, boilers, steel equipment, plastic products, textiles and paper. For sudan Turkey is among it’s main import partners.
Even there are still some political problems in the country and some crisis because of the rebilions, the Economy is increasing and the country is developping and making internal and extrenal efforts to boost there situation. The CLTG has expressed interest in rebuilding the main highway between Khartoum and Port Sudan, and the southern Khartoum-Kosti roadway. The Sudanese capital seeks to leap into modernity with a new US$4-billion Gulf-funded commercial and residential complex. Designed and planned by consultants in the United Arab Emirates and Malaysia, the Almogran development in Khartoum bears many of the hallmarks of projects raising billions for developers in the Arabian Gulf. Al-Mogran got off the drawing board when the private Sudanese conglomerate DAL joined with the authorities to create Alsunut in 2005. Dubai Islamic Bank is the largest foreign investor in Almogran, according to its promoters, and by spending $150-million on construction it will bring its investments in Khartoum to about US$1 billion. Starting in 2004, the project has two main phases: the Central Business District development and phase two, the residential estate portion.The Al-Mogran project, when completed, would have produce 11,000,000 square feet (1,000,000 m2) of office space, 1,100 villas, housing for 45,000 residents and visitors, and jobs for 60,000 Sudanese. a 2017 Borgen Project report estimated major water infrastructure development projects in Sudan were projected to cost between $20-$100 million, with overall costs reaching $1 billion by 2023 . Besides , Sudan elevator and escalator market was anticipated to pick up after the removal of two decades of economic,The demand for elevators experienced the worst hit in 2018 owing to the huge infrastructure destruction and growing instability in the country. Ongoing internal conflicts in regions such as Darfur, Bule Nile states and the Southern Kordofon resulted in the huge public infrastructure loss. Lack of infrastructure would act as a major restraint for the demand for elevators and escalators over the coming years.
According to 6 Wresearch, Sudan Elevator and Escalator Market size is projected to demonstrate a negative CAGR of (0.8%) during 2019-25. Passenger elevator segment acquired majority of the Sudan elevator and escalator market share, by volume due to majority of the demand from the commercial and residential application sector. Passenger elevators with a load capacity of 450, 630, 800 and 1000 kgs are majorly used in medium rise buildings, from 4 to 12 floors, iwith speed of elevators ranging from 1.0 to 1.6 m/s.
The demand for elevators across the residential vertical of Sudan is extremely low. Mushaireb Mixed-use Development phase-2 and Khartoum New International Airport are few of the upcoming projects in the commercial domain that would propel the demand for elevators and escalators in this segment in the coming years.
Some of the key companies in Sudan elevator and escalator market includes Schindler, Fujitec, ThyssenKrupp, Kone, Otis, Hyundai, Mitsubishi etc.
The Sudan elevator and escalator market report thoroughly covers market by elevator types, escalator types, services types and applications. The Sudan elevator and escalator market outlook report provides an unbiased and detailed analysis of the on-going Sudan elevator and escalator Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
The application of elevators and escalators is gaining traction in the Middle East & North African countries on account of growing demand from the commercial and residential sectors. In Africa, expansion of infrastructure in the areas of retail, hospitality, commercial offices, healthcare and residential apartments would continue to drive the demand for elevators and escalators in the region during the forecast period. Whereas, in the Middle East, residential application and increasing acceptance of high speed elevators are the factors driving the growth of the market.
The commercial and residential segments are expected to grow in the future due to the expected increase in FDI and urbanization across all major countries, which would boost the Middle East & North Africa elevators and escalators market revenues. Additionally, major hotel chains are expanding their presence across several countries and large-scale government infrastructure development projects, such as airport expansions, metro expansions and development of other social infrastructure, are also strengthening the construction sector in the region. These factors would translate into an increase in demand for elevators and escalators in the Middle East & North African countries in the near future.
The new installation segment is the key revenue generator in the overall Middle East & North Africa elevators and escalators market as urbanization and infrastructural development continues to play an important role in the region. As major the Middle East & North African countries seek to diversify their economies by focusing on domains such as tourism and manufacturing, the new installation segment is predicted to undergo significant growth over the coming years as well.