Africa offers UAE investors outsize returns

DP World wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal, above.

UAE companies and sovereign wealth funds including DP World and Investment Corporation of Dubai (ICD) are keener than ever to invest in Africa, betting that the high risks associated with the continent will pay off with outsize returns.

DP World, which already has five operations in Africa, including in Egypt, Djibouti and Senegal, wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal after the government accused it earlier this year of using bribery to win the contract, said the chairman, Sultan Ahmed bin Sulayem.

Read more: Africa offers UAE investors outsize returns | The National.

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