Ziraat Bank eyes 'great opportunities' for Turkish investors in Sudan

Bilge Kaan Dogan, deputy CEO of Ziraat Participation Bank Sudan and Port Sudan branch manager, said Turkish investors have significant opportunities as the country's reconstruction accelerates, noting the bank is currently the only international institution operating in the post-war nation.

Dogan told Anadolu the bank reopened its Port Sudan branch after the conflict and is preparing to reopen its headquarters and main branch in Khartoum. "We are the only international bank operating in post-war Sudan. There are important opportunities for Turkish investors in a country where the reconstruction process is gaining momentum," he said, adding that the lender provides foreign trade financing, letters of credit, guarantee letters, money transfers and investment products.

Investor support network

The bank supports Turkish investors with market research, import and export procedures, and access to local buyers and sellers, Dogan said. "Businesspeople can reach us through our branches in Türkiye. We provide support on buyers, sellers, imports, and exports to the best of our ability," he said. He noted that the lender's extensive correspondent network allows transactions in US dollars and euros as well as Emirati dirhams, Chinese yuan and Turkish liras.

Economic revival

Improving security conditions and the return of people to many areas, particularly the capital Khartoum, have begun to revive economic activity, Dogan noted. "Great opportunities await Turkish companies in the reconstruction process," he said, pointing to demand in construction, infrastructure, energy and solar power systems, as well as industrial equipment and daily consumer goods. He added that despite high inflation and the depreciation of the local currency, the bank offers competitive exchange rates and rapid access to international markets through its global network.