Gulf states investing in series of projects to power Africa growth

Saudi Arabia’s ACWA Power recently won a bid to build a 100MW solar power plant in South Africa.

Chinese investment into Africa gets much of the press, but the Arabian Gulf states are quietly making inroads in strategic sectors.

In September one of Abu Dhabi’s largest companies, Trojan General Contracting, signed a US$16 billion package of infrastructure projects in West Africa. Trojan is part of the Royal Group owned by Sheikh Tahnoon bin Zayed Al Nahyan, and will build roads, bridges and other much-needed infrastructure in the region.

The pledge was made at the inaugural West Africa Investment Forum, during which a total of $21.5bn was set aside for African projects by three UAE and Omani parties.

Meanwhile, Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) are developing a US$5bn investment that will include a bauxite mine, alumina refinery and port in Guinea, also in West Africa.

Read more: Gulf states investing in series of projects to power Africa growth | The National.

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