HomeBusiness‘UAE invested $110bn across Africa between 2019 and 2024’

‘UAE invested $110bn across Africa between 2019 and 2024’

Thani bin Ahmed Al Zeyoudi, United Arab Emirates (UAE) Minister of Foreign Trade speaks on the UAE’s long-term vision for economic partnership and connectivity in Nigeria and across Africa, writes Iheanyi Nwachukwu. Excerpts

How is the UAE balancing its geopolitical priorities in the Middle East while maintaining strong economic and diplomatic engagement with African countries?

The UAE’s foreign trade policy is built on strategic diversification; we do not view geopolitical priorities and economic engagement as competing interests. Between 2019 and 2024, the UAE invested $110 billion across Africa, more than any other single country, underscoring the depth and long-term nature of that partnership.

In Nigeria, DP World’s logistics operations, AD Ports Group’s partnership on the Lekki Corridor, and First Abu Dhabi Bank’s $1.2 billion financing of the Lagos–Calabar Highway demonstrate engagement that is accelerating, not slowing. Africa’s importance to the global economy and to the UAE’s own diversification ambitions is

This post was originally published on this site.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

- Advertisment -
Google search engine
- Advertisment -
Google search engine