UAE-Africa trade tops $107b as investments near $150b: Anwar Gargash
Dubai: Annual trade between the UAE and Africa has exceeded $107 billion, while Emirati investments across the continent are approaching $150 billion, Anwar Mohammed Gargash, Diplomatic Adviser to the UAE President, said, highlighting the growing economic ties between the two sides. The UAE’s investment, development and humanitarian engagement with Africa represented a distinctive success story,…
Dubai - The UAE's annual trade with Africa has surpassed $107 billion, while Emirati investments on the continent are nearing $150 billion, according to Anwar Mohammed Gargash, the UAE's Diplomatic Adviser to the President. Gargash emphasized the growing economic ties between the two regions, highlighting the UAE's early recognition of the changing global landscape and the need for a more direct approach to partnerships.
He explained that the UAE's policy of diversifying partnerships and deepening cooperation with African countries has led to significant successes in trade and investment. Gargash pointed out that the UAE has been actively expanding its economic presence in Africa across various sectors, such as infrastructure, logistics, energy, technology, and financial services.
This strategy reflects the broader UAE policy of broadening trade and investment relationships beyond traditional markets and fostering direct economic connections with emerging economies.
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