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Tuesday, May 30, 2023

United Arab Emirates (UAE)-Africa partnership to be consolidated as Dubai invests in African energy projects…

Recently, the dynamics between Middle Eastern investors and Africa have changed dramatically, especially as UAE energy companies have begun to forge deeper, longer-term and mutually beneficial commitments with African countries. For UAE stakeholders, Africa offers a wealth of opportunities, and investing in the continent will advance the goals of diversification, energy and food security, and bilateral trade. As a region heavily dependent on oil and gas, investing in African energy markets will enable the UAE not only to advance its own development agenda, but also to accelerate Africa’s overall socio-economic progress, supported by strengthened bilateral relations, driving electrification, infrastructure development and industrialization.

Dubai event will create new opportunities for deals and bilateral linkages, ensuring UAE stakeholders capitalize on Africa’s energy prospects

Meanwhile, for Africa, the UAE has long been an important investment partner, with the country the fourth largest investor in the continent globally. With an agenda to multiply these investments, the UAE has invested around $1.2 billion in sub-Saharan Africa between January 2016 and July 2021 alone, and with an agenda to multiply these investments, the UAE will play a key role in unlocking African resources for monetization and development Playing an increasingly important role. The UAE’s increased presence is key to Africa’s energy sector as it pursues a broad-based energy expansion relying on 125 billion barrels of largely undeveloped oil reserves, 620 trillion cubic feet of natural gas and unparalleled renewable energy resources Investments in the field will help usher in a new era of resource maximization and long-term and sustainable economic growth.

When it comes to natural gas, which is a key industry in Africa and the global energy sector, the UAE’s expertise in this area will help advance the continent’s gas agenda, ensuring that investments translate into lucrative returns with impact on regional economies and societies big project. Bring tangible benefits to local people. By leveraging the UAE’s experience as a major oil and gas producer, Africa can unlock the full potential of its burgeoning gas sector through projects such as Mozambique’s triple liquefied natural gas (LNG) project; Senegal and Mauritania’s Greater Tortue Ahmeyim LNG development; Nigeria’s floating The LNG project; and many more trendsetters.

However, the role of the UAE in Africa goes beyond direct investment, and the UAE offers the continent unique access to international markets, especially financial capital. Positioned as a trade center with easy access to global markets, Dubai is well connected with global markets as well as emerging markets seeking investment and capital partners. Invest Africa Energy Dubai Edition will therefore leverage this status to strengthen the UAE’s ties to Africa and enable African stakeholders to access global financial markets.

“Investing in Africa Energy Dubai Edition is an event not to be missed. Backed by a series of previous successful roadshows, the Dubai event will focus on opportunities for Emirati investors and project developers in Africa. Africa’s energy sector offers stakeholders With a wealth of opportunities covering all segments of the energy value chain, and capitalizing on the strong relationships and economic links already established between the UAE and African countries, the Dubai event will create new opportunities for transactions and bilateral linkages, ensuring that NJ Ayuk, Executive Chairman of the UAE AEC said: “ Stakeholders to take advantage of Africa’s energy prospects in a mutually beneficial way for the long term,” the African continent, or investors looking for a high return on investment in global markets, investing in Africa Energy Dubai Edition is the right place for you. We look forward to the end of this month See you all in Dubai.”

The Dubai Invest in Africa Energy Roadshow provided UAE participants with the opportunity to connect with a range of high-level African stakeholders, providing a suitable platform to start discussions on the UAE’s relationship with Africa and the new deals to be signed that will drive the UAE and Africa’s development goals for Africa. As a prelude to Africa Energy Week (AEW) 2023, the continent’s premier event for the oil and gas industry, the event will kick off discussions that will be translated into tangible deals during the AEW conference. Don’t miss this important event.

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