For UAE sovereign wealth funds, it's time for Africa

The Dubai International Financial Centre (DIFC)

UAE-based sovereign wealth funds (SWFs) are seeing increasing opportunities in African countries and some of the leading emerging markets of the world demonstrating a shift in the focus of their asset allocations.

“[The] UAE is home to one of the largest SWFs in the world and recently has played a significant role in establishing relations with African countries, resulting in commitments worth $19 billion (Dh69.7 billion) from UAE investors, across 17 infrastructure projects,” said Ashish Dave, KPMG Partner and head of private equity and SWFs.

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