S. Sudan launches modern business and investment city
Article
Comments (19)
email Email
print Print
pdfSave
separation
increase
decrease
separation
separation
facebook
myspace
twitter
buzzyahoo
June 22, 2013 (JUBA) – The government of South Sudan has officially
launched the construction of a Juba Specialised Economic Zone (SEZ),
an industrial area for business and investments activities.
JPEG - 13.8 kb
Minister Garang Diing Akuong (C) with other officials at the
groundbreaking ceremony (L.Lomoyat)
The 625 square km land, located about 30km from the South Sudan
capital, Juba will reportedly be used for building a new modern city,
mainly for large businesses that will boost the young nation’s
economy.
While speaking at the ground breaking ceremony held in Jokukwe boma,
the country’s commerce, industry and investment minister said the
creation of the SEZ indicates the desire and determination of South
Sudan’s Central Equatoria state to encourage and promote investments
and economic development in the state.
Garang Diing Akuong, however, said South Sudan President Salva Kiir
will do whatever it takes to promote peace and unity, which he
described as prerequisites for a conducive investment climate.
“The specialized Economic Zone is indeed in line with the policy of
the government of the Republic of South Sudan, which promotes national
and Foreign Direct Investment (FDI) in South Sudan”, said Akuong, who
represented President Kiir at the occasion.
The FDI investment inflow, the minister added, will not happen if
there are no clear investment policies at national or state levels.
“..nevertheless, provisions of these kind of infrastructure and
availability of others such as tax incentive, non-tariff barriers,
power, roads, access to finance etc, will pave the way for more
investments to consider South Sudan as one of best investment
destinations in the region if not the world”, he stressed.
The minister further said South Sudan, with its rich natural
resources, needs to diversify its resources in order to enhance
economic growth and reduce too much dependency on other countries.
“To remedy this situation, we need to transform our economy in order
to obtain stronger growth, economic diversification, job creation and
socio-economic development”, he noted.
The establishment of SEZ will provide an opportunity for small and
medium sized enterprises (SME) and their linkage to large-scale
enterprise to seize this opportunity for their development and
expansion, the minister added.
Obba Cecilia Peter, Central Equatoria’s minister for cabinet affairs,
said the SEZ has its foundation rooted in late Dr. John Garang’s
vision of "Take the Towns to the People".
“Today, his [Garang] vision through this groundbreaking ceremony
becomes a clear reality,” said Obba, on behalf of the governor,
Clement Wani Konga.
Meanwhile, Joseph Kulang, the chairperson of Central Equatoria
Investment Authority said the project, if fully implemented, will
offer first class service required by the people of this country and
the region at large.
JPEG - 16.1 kb
The proposed site for the construction of the Juba Specialised
Economic Zone (L.Lomoyat)
"The Special Economic Zone will not only be the pride of Central
Equatoria State, but indeed of the Republic of South Sudan", Kulang
said at the ceremony.
The zone, further said, is geographically designed to provide
logistics for import and export goods as well as providing
socio-economic development in terms of employment and services and to
enhance economic growth.
The Juba SEZ through the Enabling Legislation 2013 shall be granted a
special mandate in order to promote industrial development, he
stressed.
(ST)
--
You received this message because you are subscribed to the Google Groups
"South Sudan Info - The Kob" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to [email protected].
To post to this group, send email to [email protected].
To view this discussion on the web visit
https://groups.google.com/d/msgid/SouthSudanKob/CAJb14oo10THzOuwDDqmAEz-6cSdthmCin6vCHUYPOXX%2B-VDGyw%40mail.gmail.com.
For more options, visit https://groups.google.com/groups/opt_out.
