Economy
The harbour is in the mouth of a gulf continuing seaward through a coral-free channel 18–26 meters (60–85 ft) deep. Imports include machinery, vehicles, fuel oil, and building materials. Cotton, gum arabic, oilseeds, hides and skins, and senna are the chief exports. Port Sudan has an oil refinery to handle the petroleum from onshore wells, as well as an oil pipeline to Khartoum that was completed in 1977.
A rail line links the Red Sea to the River Nile. The railroad was used to transport the nation's cotton and sesame seed as well as sea salt from salt-evaporating pans.
The city is home to Red Sea University, established in 1994.
Read more about this topic: Port Sudan
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)