UAE Expands in Africa from Energy to Ports, Reports Deutsche Welle
The UAE continues to expand its economic presence in Africa through strategic investments totaling approximately $59 billion over the past decade, with a focus on the energy, ports, and logistics sectors. The latest of these investments is Adnoc Distribution's acquisition of assets from Shell in South Africa, valued at nearly one billion dollars, which strengthens its position in the African energy market. These steps are part of the UAE's strategy to diversify its economy and develop income sources beyond oil and gas, while taking advantage of growth opportunities in African markets that hold significant potential.
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