In recent years, the Gulf Cooperation Council (GCC) has increasingly turned its attention to Africa, recognizing the continent’s vast potential in natural resources.
GCC investors are significantly expanding their presence in Africa by investing in hydrocarbons, mining, and agricultural projects, moving beyond mere trade to form deeper financial and operational collaborations.
At the Mining Indaba in South Africa, the GCC demonstrated its commitment with substantial investments and a notable presence. UAE and Saudi Arabian companies are poised to compete with Chinese and Western firms for Africa’s critical minerals, essential for advanced technologies and energy transitions.
A landmark agreement between the UAE and Morocco to finance the Atlantic gas pipeline project underscores the UAE’s dedication to Africa’s energy future and economic transformation.
The Economist Intelligence Unit (EIU) highlights Africa’s rich mineral resources by country, with key players including Liberia, Guinea, Burkina Faso, and the DRC.
The GCC’s investments are set to enhance Africa’s infrastructure and global trade position while also boosting energy security and reinforcing the UAE’s influence in global energy markets.