Khartoum
Khartoum was the capital city of larger Sudan before it was split apart to North and South territories. Nowadays, it serves as major administration and commercial hub for the largely Arabic Northern Sudan. The history of this city can be traced back to 1821 when an Egyptian ruler incorporated this region as a province of Egypt. Back then, Khartoum served as the main assembly point for slave traders transporting Africans to work in European farms abroad. Khartoum is an extremely fertile region found in the middle of Blue and White Nile. Previously, land prices were expensive and prone to constant inflation due to war between the two Sudan regions. But since south gained independence peace and economic stability, the North has made land quite affordable.
Finance available in the city
The government of Khartoum is ready to finance serious property development investors with viable proposals. Since the south declared independence, many businessmen in the region with roots further south are selling their properties to interested real estate developers. They are auctioning their properties at throwaway prices as they focus more on rebuilding the dilapidated southern territory. Wise investors are buying these properties and converting them into hotels, or high end stores.
Funding policies
Moreover, the government is offering very cheap interest rates in a bid to attract more investors to the region. Nevertheless, your background information will have to be assessed first before accessing the funds. Officials will seek to find out if you had been charged with any criminal activities in the past. They’ll also seek to know if the investor has enough capital to pay-off debts and cushion his/her business from shock risks like initial loss. Experience is a plus while seeking government funds. A multinational company that has been in existence for five years or more would be trusted than another one which only started a year ago.
Economic prospectus
Khartoum is found in a region rich in oil reserves. Investors are always scouring the area looking for sites they can build offices to service oil venture capitalists. The drillers require high-tech machines which can be bought locally instead of soliciting for foreign products. Real estate developers can rent office space for such entrepreneurs at affordable fees.
Climatic conditions
Some meteorologists rank Khartoum as the hottest major capital in the world with average temperatures peaking at 127 Fahrenheit or more around mid-summer. None of Khartoum’s aggregate monthly temperatures fall under 87 F.
Local News
UN Security Council demands Sudan withdraw from disputed region - Chicago Tribune
Published 20:13, 17th May GMT
Mbeki heading to Khartoum to push talks - Ahram Online
Published 12:08, 17th May GMT
Walk to End Genocide - Huffington Post
Published 01:46, 18th May GMT
South Sudan Skeptical of Talks with Khartoum, Report Says - Voice of America
Published 17:28, 11th May GMT
Khartoum Supports LRA Rebels, Bombs Towns in Unity State - AllAfrica.com
Published 10:41, 7th May GMT
Our Man in Khartoum - Wall Street Journal
Published 22:56, 27th April GMT
South Sudan accuses Sudan of bombing in blow to talks - Reuters
Published 09:49, 4th May GMT
South Sudan accuses Khartoum of declaring war - Chicago Tribune
Published 19:13, 24th April GMT
- retrieved via Google News