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With a total of USD 60 billion committed from 2012 to 2022, the Emirates are the fourth largest investor in Africa over the last decade, behind China, Europe and the United States. However, this expansion has been marred by controversies, including turmoil over investment deals and potential social and environmental repercussions
In 2023, ties between the UAE and Africa reach their peak, marked by Abu Dhabi’s commitment to invest USD 4.5 billion in the continent’s clean energy.
With a total of USD 60 billion committed from 2012 to 2022, the Emirates has been the fourth largest investor in Africa over the last decade, behind China, Europe, and the United States. However, this expansion has been marred by controversies, including turmoil over investment deals and potential social and environmental repercussions.
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Despite these challenges, the United Arab Emirates remains in pole position for Gulf investors in Africa, followed by Saudi Arabia, Qatar and Kuwait. The attraction of Africa for Emiratis is coupled with a growing interest of African entrepreneurs in this Gulf state, where more than 21,000 companies from the continent are already established.
