Thursday 24 March 2011

UAE mulls more investment in African countries

The UAE investment in Africa is expected to increase significantly in coming years in developing its key sectors, UAE Minister of Economy Sultan bin Saeed Al Mansouri said.

“The UAE is particularly interested in developing African countries in tourism, infrastructure, oil, gas, mining, energy, transport, logistics, ports, IT and mobile communications sectors,” Mansoori said in his opening remarks on the first day of Common Market for Eastern and Southern Africa, or COMESA, Investment Forum.

COMESA is one of Africa’s most important and influential investment forum, which opened on Wednesday in Dubai. The forum is being organised by Dubai Chamber of Commerce in cooperation with COMESA RIA.

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