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Reviving Trade and Investment Links Across the Red Sea (Invite only)

Tuesday, February 12, 2019
Reviving Trade and Investment Links Across the Red Sea (Invite only)
2019 MENA Summit
2019 MENA Summit

Reviving Trade and Investment Links Across the Red Sea (Invite only)

Tuesday, February 12, 2019
3:45 PM - 4:45 PM
St. Regis Saadiyat Island - Meeting Room 1

The ancient trade, investment, and cultural exchange between MENA and Sub-Saharan Africa is in the midst of a revival. Africa's market size has strong appeal for Middle Eastern investors and corporations. At the same time, geostrategic and food security concerns are pushing Arab Gulf states to invest heavily in African infrastructure and land. While Saudi Arabia, South Africa, Kenya, Nigeria, and Ethiopia are among the top players, the UAE is a lap ahead: The nation has quadrupled African imports in the last six years, and in 2016 the UAE became Africa's largest investor, after China, by value of capital investment. Where will this trend go next? What role can policymakers and investors play in ensuring that these renewed trade and investment flows endure and benefit populations on both sides of the Red Sea?