Abu Dhabi – Mubasher: The UAE has entered strongly in the competition for the investment market in Africa, as foreign direct investment flows from the UAE to Africa amounted to about $59.4 billion between 2012 and 2022.
The African website said that Africa has become one of the most important markets in the UAE, as it invested $5.6 billion in 71 projects on the continent in 2021, the most important of which is the Agtech Park in Egypt.
Over the past 10 years, DP World, DP World, has invested more than $1.8 billion in Africa and plans to invest another $3 billion over the coming years.
The country has emerged over the past decade as the fourth largest global investor in Africa, after China, Europe and the United States. According to White & Case.
Foreign direct investment flows from the GCC countries to Africa between 2012 and 2022 amounted to about $101.9 billion distributed over 628 projects, while investment from Africa to the GCC countries amounted to $3 billion in 141 projects.
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