Menu

UAE pledges $10bn in investment, South Africa says

Featured

UAE pledges $10bn in investment, South Africa says UAE pledges $10bn in investment, South Africa says

The United Arab Emirates (UAE) has pledged to invest $10bn in South Africa’s economy, including the tourism and mining sectors, the South African presidency said on Saturday.

Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President Cyril Ramaphosa, who has set an ambitious target of attracting $100bn in investment to kick-start an ailing economy.

“The UAE announced its plans to invest $10bn in key sectors of South Africa’s economy, such as tourism and mining among others, to support the sustainable development of the country,” the presidency said in a statement after Ramaphosa visited the federation of seven emirates on Friday.

 


 

Source

GulfBusiness

back to top

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT It's almost weekend Cape Town... https://t.co/5TB65ZjNdm
BusinessNewsCT RT @AbsaSouthAfrica: One more month to go till we announce the lucky winner of the Ford Figo. Remember, every 5 Swiiishes earns you a guara…
BusinessNewsCT Internet access has become a human right, data https://t.co/CxR7TdCfbs https://t.co/fh1FE14RR0