Qatar and Sudan are seeking to bolster economic ties, with a particular focus on increasing private sector involvement to drive trade between Qatar and Sudan. Recent discussions between the Qatar Chamber and the Sudanese Ambassador highlight a 16% increase in bilateral trade in 2024, but acknowledge significant untapped potential. This renewed push for collaboration comes as both nations navigate evolving economic landscapes and seek diversification.
The meeting, held in Doha on Tuesday, involved Mohamed bin Twar Al Kuwari, First Vice-Chairman of Qatar Chamber, and HE Badreddine Abdullah Mohammed Ahmed, Ambassador of the Republic of Sudan to Qatar. Both parties emphasized the strong fraternal relationship between their countries as a foundation for expanded economic cooperation.
Boosting Qatar-Sudan Trade: A Private Sector Imperative
While trade volume between Qatar and Sudan rose from QAR 50 million in 2023 to QAR 58 million in 2024, officials agree this figure remains below expectations given the resources and opportunities available in both nations. The Qatar Chamber specifically stressed the crucial role the private sector must play in unlocking further growth in trade between Qatar and Sudan. This includes identifying new investment avenues and facilitating increased commercial exchange.
Investment Opportunities in Sudan
Ambassador Ahmed highlighted Sudan’s rich investment landscape, particularly in sectors like minerals, agriculture, and livestock. He noted the availability of Arabic gum, a significant Sudanese export, and assured Qatari investors of streamlined processes and support should they choose to invest in the country. Sudan has been actively seeking foreign investment to support its economic recovery and development.
However, Sudan’s current political and economic instability presents challenges for potential investors. The ongoing conflict has disrupted supply chains and created uncertainty regarding the business environment. Despite these hurdles, the Sudanese government continues to promote investment, offering incentives and guarantees where possible.
Qatar has historically maintained strong diplomatic and economic ties with Sudan, providing aid and investment in various projects. This commitment is rooted in a broader strategy of supporting regional stability and fostering economic partnerships. The recent increase in trade between Qatar and Sudan suggests a continued willingness to engage economically, even amidst regional complexities.
The growth in trade is partially attributable to increased Qatari investment in Sudanese infrastructure projects, particularly in the agricultural sector. Additionally, Sudanese exports to Qatar, including livestock and agricultural products, have seen a modest rise. Qatar’s focus on food security may contribute to further demand for Sudanese agricultural goods.
Experts suggest that diversifying trade between Qatar and Sudan beyond traditional commodities is key to sustainable growth. Exploring opportunities in sectors like renewable energy, financial services, and tourism could unlock new avenues for collaboration. Qatar’s expertise in these areas could be particularly valuable to Sudan’s development efforts.
The Qatar Chamber has indicated it will organize a trade delegation to Sudan in the coming months to further explore investment opportunities and strengthen business-to-business connections. This delegation will likely include representatives from various Qatari companies interested in expanding their operations into the Sudanese market. The timing of the delegation will depend on the evolving security situation in Sudan.
Looking ahead, the future of trade between Qatar and Sudan will be closely linked to the resolution of the ongoing conflict in Sudan and the establishment of a stable political environment. While the potential for increased economic cooperation remains significant, realizing this potential will require sustained effort from both the public and private sectors, as well as a commitment to addressing the challenges that currently impede investment and trade. Monitoring the progress of peace talks and the implementation of economic reforms in Sudan will be crucial in assessing the long-term prospects for Qatar-Sudan economic relations.
Further developments regarding specific investment projects and the planned trade delegation are expected in the first quarter of 2025, according to sources within the Qatar Chamber. The impact of regional geopolitical shifts on bilateral economic ties also warrants continued observation.
