Franchise opportunities in Sudan
Popular franchise directions in Sudan
Attractiveness of Sudan for the development of franchise business
The Republic of Sudan is one of the largest states in Northern Africa. The country has recently experienced social conflict and civil war but now it has steady economic growth. Sudan currently attracts foreign investments from many countries but China has the most significant influence on the country economy. According to the Sudan Tribune, Sudan grants China oil and gas exploration and production franchise.
The population of Sudan is 40,848,472; only 35% of all the citizens live in cities. The main cities are Khartoum (1.97 mln), Omdurman (1.2 mln), Nyala (834,000), and Port Sudan (489,725). More than half of Sudanese live at or below the poverty line. The GDP per capita in Sudan is $ 1923.40 which is only 15% of the world's average. Due to this, Fund for African Private Sector Assistance took a decision to provide grants for promoting programs, which create opportunities for franchise businesses in the country. They have high hopes for economic growth and job creation in the country.
Franchise business is just starting in Sudan. International brands from the USA, China, Austria, Portugal, and Denmark are entering the market. The most successfully developing franchise industries are food service, education, retail, and home services.
There are still a lot of market sectors available for new franchisees. If you come up with an idea of opening a franchise company in the country, you need to pay from $35,000 to $50,000 franchise fee.
There are high investment business opportunities, as well as cheap franchises in Sudan presented for review, the choice is yours.
Indicators of Business Market in Sudan
Currency: Sudanese pound
Education Index (2013): 0.306
Official languages: Arabic, English
Per capita GDP (PPP): $4,578
Quality-of-life index (0-10): out of list
Population: 40.848 mln
Total GDP (PPP): $186.715 billion
Ease of Doing Business Ranking, Rank: 170
Human Development Index (HDI): 0.490