Wealthy Gulf Arab companies are boosting their investment in Africa's vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe.
One reason for the shift is negative: with government debt problems weighing on U.S. and European markets, those regions no longer look as attractive to some Gulf investors as they did just a few years ago.
But there are also a string of positive motives, including Africa's fast economic growth, the rise of a free-spending African middle class, and a sense that much of the continent is becoming better governed and more stable politically.
Wealthy Gulf investors warm to Africa | Reuters
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