South Sudan’s Investment Minister, Dhieu Mathok Diing, expressed optimism about the new investment policy enhancing the local economy and attracting both domestic and international investors. The policy aims to develop the investment sector and create a conducive environment for investment in the country.
During the Investment Policy Validation Workshop in Juba, Mathok emphasized the importance of diversifying the economy beyond the oil sector, which is currently the primary source of income for the nation. The policy is designed to address barriers that have hindered potential investors from engaging in South Sudan.
Government officials, civil society members, and partners participated in the workshop to validate the policy, with the goal of establishing a comprehensive regulatory framework that will build investor confidence. UNDP Senior Economic Advisor, Ligane Sene, highlighted the need for an enabling environment to attract and retain foreign investment in various sectors, ultimately creating new markets for the private sector.
The potential impact of the new policy extends beyond boosting the economy to promoting sustainable development and enhancing South Sudan’s overall investment landscape.