South Sudan opens real estate market to foreign investors

JUBA – The government of South Sudan announced on Thursday that it has opened its real estate market to international investors.

Speaking during the opening of the Real Estate Summit on Thursday, Louis Kwot, undersecretary at the Ministry of Land, Housing, and Urban Development, encouraged international investors to take advantage of opportunities in the country’s land, housing, and urban development sectors.

“We want to showcase the best opportunities presented by South Sudan’s emerging market. With its strategic location, high demand for housing, and government reforms, particularly in land reform and urban development, the country is ripe for investment,” Louis said.

Louis said the ministry has created a conducive environment for investment, noting that a number of reforms and new projects are already underway to transform the country’s urban landscapes.

“We are working hard to develop a robust framework to facilitate investment,” he said.

For his part, Joseph Mum Majak, Minister of Investment, echoed this sentiment and called for investors to invest in the country.

He stated that real estate development goes far beyond just constructing buildings, adding that “real estate is about building communities, creating jobs, and laying the foundation for long-term economic growth.

He reassured investors of the government’s commitment to creating a stable, transparent environment for both local and international investors.

“We are here today to form partnerships, share ideas, and seize the opportunities before us. To our international guests, thank you for believing in South Sudan. To our local stakeholders, your efforts are the backbone of our progress.”

Brenda Mutuku, Chief Executive Officer of Smart Properties Ltd in South Sudan, noted that this is the first time the Summit has been held in Juba.

“As Smart Properties, we are happy to welcome investors and interact for the future development of the country.”