Economist : R eveals the future of UAE investments in Sudan
Sudan Events – Rehab Abdullah
Economist Dr. Haitham Fathi linked the future of UAE investments in Sudan to political and security factors, most notably the Emirati position on the ongoing war in Sudan and its support for the Rapid Support RSF Militia according to Sudan’s complaint to the Security Council.
Haitham explained in his interview to ( Sudan Events ) that the volume of Emirati investments in Sudan amounts to $ 7 billion and is concentrated in agriculture and tourism,
pointing out that years ago, the Emirates pledged to expand strongly in markets beyond its usual horizons in pursuit of geopolitical influence, and since then, it has pumped more capital into Africa than any other country, and among these countries is Sudan as a country with distinctive natural and human resources in addition to an important location, and it competes for influence in the African continent in general with China and France and in Sudan in particular with other countries.
The UAE pledged $53 billion in investments in 2022, when it first topped the direct capital rankings, 20 times more than China, seven times more than the US and $44.5 billion in 2023, nearly double China’s. The UAE is investing in Africa to compensate for its weaknesses, including its reliance on food imports, he added.
To achieve food security, Emirati companies have acquired agricultural land in Sudan, Zimbabwe and Angola, Fathi said. “The Dubai Ports World company now operates nine ports on the continent, the most prominent of which are Senegal, Angola and South Africa,” he added.
