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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Fatehelrahman Yousif

Saudi Arabia, UAE Top Gulf Investments in Horn of Africa

Gulf Africa Horn of Africa Saudi Arabia UAE Djibouti Ethiopia Sudan Arab Gulf Somalia
The Russian-Ukrainian crisis highlighted the strategic importance of the Horn of Africa region. (Asharq Al-Awsat)

A recent study pointed to the growth of Gulf investments in the countries of the Horn of Africa, especially in Ethiopia, Sudan, Somalia and Djibouti.

Africa has become an increasingly vital partner for the Gulf states. Investment flows from the Arab Gulf to sub-Saharan Africa amounted to about $3.9 billion between 2005 and 2015, according to recent statistics based on completed projects.

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