Conference Targets Gulf Investment Doubling in Africa
The article discusses the development of economic relations between the Gulf countries and Africa, with a focus on the increasing volume of trade and Gulf investments in the African continent. The trade exchange value has reached approximately $106.5 billion, with African exports to the Gulf growing by over 140% over the past 15 years. New Gulf investments amount to $114 billion in strategic sectors such as renewable energy, infrastructure, mining, and financial services. The future of this partnership is expected to see significant leaps, with trade volume projected to rise to around $160 billion and the development of joint projects aimed at promoting sustainable growth and development in Africa. A forthcoming conference in Côte d’Ivoire in 2027 will bring together more than 30 countries and international financial institutions.
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