U.A.E. Is Pouring Money Into Africa, Seeking Resources and Power

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

U.A.E. Is Pouring Money Into Africa, Seeking Resources and Power

Look at the chief economic and strategic spots across Africa — ports for key trade corridors, mines that produce critical minerals, large renewable energy projects — and you will find the United Arab Emirates.

As the United States and, to a lesser extent, China reduce their investment, aid and presence on the African continent, the Emirates is using its enormous wealth and influence to fill the void.

Persian Gulf investments in Africa, primarily by the Emirates, have exploded in recent years. Since 2019, $110 billion worth of deals — mostly by firms tightly aligned with the ruling powers — have been announced, dwarfing amounts pledged by any other country.

“The U.A.E. is turning into a dominant foreign player” in much of Africa, said Anna Jacobs, a nonresident fellow at the Arab Gulf States Institute in Washington.

Its efforts to become a world leader, particularly in finance and technology, are likely to be bolstered under President Trump, Ms. Jacobs said. The president, seeking to draw Emirati money to the United States, paved the way this week for the ***** of American advanced artificial intelligence chips to the Emirates.

The Emirates’ wide-ranging investments and efforts to become a world leader in A.I. are part of an ambitious plan to increase the country’s influence, particularly over global supply chains.

Like other oil-producing nations in the Persian Gulf, the Emirates is looking to diversify its economy away from fossil fuels, and it sees Africa as an essential part of the plan. The continent has vast mineral resources, a growing population, agricultural potential and a strategically important location bordering the Red and Mediterranean Seas as well as the Indian and Atlantic Oceans.

Powerhouse Emirati corporations based in Dubai and Abu Dhabi with political connections are in dozens of countries across Africa.

This is the hidden content, please

• Sign In
• or
• Sign Up

is already building or operating clean energy plants in Burkina Faso, Djibouti, Egypt, Ethiopia, Ivory Coast, Kenya, Morocco, South Africa, Togo, Tunisia and Uganda and has

This is the hidden content, please

• Sign In
• or
• Sign Up

to

This is the hidden content, please

• Sign In
• or
• Sign Up

. Abu Dhabi National Energy Company has projects in Morocco, Senegal and South Africa and is participating in a project to invest

This is the hidden content, please

• Sign In
• or
• Sign Up

in renewable energy in sub-Saharan Africa.

This is the hidden content, please

• Sign In
• or
• Sign Up

, the gargantuan government-backed ports and logistics operator, has

This is the hidden content, please

• Sign In
• or
• Sign Up

in ports and economic free zones from Algeria to Zambia, including in the Berbera port city in the breakaway republic of

This is the hidden content, please

• Sign In
• or
• Sign Up

, where the Emirates also has a military base. Last summer it announced that it would spend another

This is the hidden content, please

• Sign In
• or
• Sign Up

on African ports over the next three to five years.

Last year, the Emirati International Holding Company invested more than $1 billion for a 51 percent share in the

This is the hidden content, please

• Sign In
• or
• Sign Up

in Zambia.

Spending in Egypt has also soared. Last year, the Emirates agreed to

This is the hidden content, please

• Sign In
• or
• Sign Up

to develop a new city and tourism destination on Egypt’s Mediterranean coast.

Emirati investment in Africa has ramped up as China’s has tapered off. Once the biggest foreign investor on the continent through its Belt and Road Initiative, China still has a large presence, but Beijing has pulled back in recent years after a series of debt crises in Africa and economic problems at home.

In 2022 and 2023, the Emirates announced a total of $97 billion in

This is the hidden content, please

• Sign In
• or
• Sign Up

in Africa —

This is the hidden content, please

• Sign In
• or
• Sign Up

China’s total, according to

This is the hidden content, please

• Sign In
• or
• Sign Up

, a database of foreign investments. U.S. investment in 2023 was about $10 billion.

Experts said that even though not all of these pledges would pan out, they showed an overall commitment to doing business on the continent. The Emirates is also looking to build trade and has signed bilateral

This is the hidden content, please

• Sign In
• or
• Sign Up

with three African nations, including

This is the hidden content, please

• Sign In
• or
• Sign Up

, since the year’s start.

“The U.A.E.’s total foreign assistance in Africa, which exceeded $1 billion in 2023-24, also highlights our ongoing commitment to addressing urgent needs,” a government spokesperson on trade and aid said.

Meanwhile, Mr. Trump has fast-tracked America’s exit from Africa, ending billions of dollars in funding, dismantling the U.S. Agency for International Development and

This is the hidden content, please

• Sign In
• or
• Sign Up

all contributions to the African Development Bank. The State Department’s reorganization plan also calls for the elimination of most operations in the region.

This is the hidden content, please

• Sign In
• or
• Sign Up

has also tightened its flow of money into the continent in recent years as it has increased aid to Ukraine and increased its own military spending.

The Trump administration’s actions are extreme, said Ricardo Soares de Oliveira, a co-director of a program on

This is the hidden content, please

• Sign In
• or
• Sign Up

at Oxford University, but they reflect a larger global trend away from development aid and liberal values.

The world is transitioning to an era in which the focus on democracy and free markets is becoming less significant, Mr. Soares de Oliveira said. “A more business-focused approach is going to be the shared norm,” he added.

That isn’t to say the Emirates does not have substantial strategic and political interests in Africa.

What’s different is that it has delegated statecraft to private interests and businesses, almost all of which have ties in some way to the government or ruling families, said Andreas Krieg, a fellow at the Institute of Middle Eastern Studies at King’s College London. These enterprises are expected to generate both economic and strategic returns.

“The U.A.E. has revolutionized statecraft for a small country,” Mr. Krieg said. It has fewer than one million citizens, is smaller than the state of Indiana and has a relatively tiny military. Yet, he said, “it’s very much playing the game of a middle power.”

Some of the Emirates’ political choices have stirred concerns. Sudan’s government has accused the Emirates of fueling genocide with its backing of the Rapid Support Forces, the paramilitary group engaged in a civil war that has killed 150,000 and displaced 14 million people. Recently, Sudan’s military cut diplomatic ties with the Emirates, which has said it has provided only humanitarian assistance.

The Emirates has also been accused of funneling money to the Russian mercenary group Wagner in both Sudan and Libya.

“There is no such thing as clean or dirty money in the U.A.E.,” Mr. Krieg said.

Ken Opalo, an associate lecturer at Georgetown University’s School of Foreign Service, said the Emirates aimed to be the world’s gateway to Africa for investment and trade, whether legal or smuggled. The gold trade alone that passes mostly through Dubai is worth $30 billion, he said.

“The U.A.E. has developed a robust regulatory framework that ensures that the trade in gold is conducted with the maximum security, integrity and transparency,” an Emirati official said.

As Mr. Trump’s visit to the gulf region this week illustrates, Washington considers the Emirates a reliable ally in the region and in Africa. The two countries have maintained close security ties.

But Washington may underestimate just how valuable the commercial partnership between the Emirates and China is. Ambitious investments in green energy in Africa rely on ******** technology, minerals and goods.

“The U.A.E. ultimately militarily relies on the U.S., but it also wants to position itself as the Switzerland of the gulf where everyone is welcome,” Mr. Opalo said. “They want to be a renewables hub, and it’s hard to play that game without engaging China.”

This is the hidden content, please

• Sign In
• or
• Sign Up

#U.A.E #Pouring #Money #Africa #Seeking #Resources #Power

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/