Saturday 24th March 2018 (14:30-17:00)
University Square Stratford – London, United Kingdom
Recall that all the developing countries that managed to get out of the poverty trap and significantly improved the standard of living of their citizens; such as the South East Asian countries, have adopted a clear industrialisation path as part of their development models. This is because, due to its agility, capacity to create significant number of jobs with different levels of qualification and skill and ability to attract services and other supporting businesses around it, a flourishing industrial sector is vital in achieving the wider strategic goals of any national development plan as it is more socially inclusive. Likewise, to get out of the poverty zone, the Sudan needs to adopt an integrated sustainable development plan, in which industry built on the back of an effective industrial strategy represents the pivotal point.
A flourishing industrial sector in the Sudan requires clear development plan, good governance, supporting legislations, creating a true investment climate in the country and securing the right environment for sustainable development including renewable, clean and environmentally-friendly source of energy. Additionally, building a competitive industrial sector requires heavy investment in infrastructure, research and development, technology transfer and training. However, regulation is only one of the means by which the society ensures that its values and priorities are reflected in the national development plan. It is equally important for investors to see the implementation of these regulations in practice before they have full confidence in the system. This means achieving political stability and creating a true investment-attractive climate.
In this panel discussion, we are aiming at assessing the performance of the Sudanese manufacturing sector and its contribution to the wider economy. In this context, we will also highlight the importance of issues, such as overall industrial strategy, quality control, effective infrastructure in boosting the performance of the manufacturing sector.
Venue: University Square Stratford (USS), 1 Salway Place, London E15 1NF