Expert Proposes Establishment of “Sudan Sovereign Fund

Sudanhorizon – Hala Hamza

Economic analyst and expert Dr. Haitham Mohamed Fathi has proposed the establishment of a “Sudan Sovereign Fund” and the transfer of management of state-owned companies therein.

Fathi told Sudanhorizon that implementing this proposal would create greater flexibility in management, restructuring, and partnerships, while listing on the Khartoum Stock Exchange would broaden the ownership base and increase transparency and disclosure.

He explained that this step, if adopted, would represent a turning point in the philosophy of public asset management, as the state would move from a model of direct owner and manager to one of owner and investor, while maintaining its regulatory and supervisory role and opening the door to broader private sector participation.

Fathi denied that transferring ownership of Sudanese state-owned companies to the Sudan Sovereign Fund would weaken the activity of these companies. Rather, it would redistribute oversight and shift the management model from direct government control to professional investment management, whether through the sovereign fund or through listing on the stock market.

Fathi stressed the need for economic reform of state-owned companies and institutions in order to attract hard currency, enhance investor confidence in the Sudanese market, end financial pressures, achieve the government’s efforts to maximize the value of unexploited assets, reduce the burden of subsidies or financing on the general budget, and open the way for local and foreign private investments.

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