Fatshimetry
Dubai is becoming a key player in trade with Africa, record figures are announced for future economic exchanges between the two regions. The Emirati city is positioning itself as an essential financial and commercial hub for Africans looking for business opportunities.
With economic trade reaching $45 billion in 2021 and a declared ambition to reach $544.5 billion by 2026, Dubai wants to strengthen its ties with Africa. This strategy is part of a context where more and more African residents are settling in Dubai, attracted by the business opportunities and economic dynamism of the golden city.
The presence of numerous African communities in Dubai, ranging from East African Indian businessmen to West Africans and South Africans, reflects the city’s growing appeal to investors and entrepreneurs. from the continent. United Bank for Africa’s (UBA) decision to open its first branch in Dubai underlines the strategic importance of the emirate as a focal point for trade between the Middle East and Africa.
The international expansion of African companies towards Dubai is accompanied by initiatives aimed at strengthening bilateral trade. Dubai Chambers, under the leadership of Mohammad Ali Rashed Lootah, is banking on the opening of new offices in Africa and on incentive initiatives to encourage investments between Dubai and the continent. The Global Business Forum Africa provides an essential platform for these exchanges, attracting leading African personalities and fostering business partnerships.
Additionally, the UAE’s investments in clean energy projects in Africa demonstrate its commitment to supporting sustainable development on the continent. Announced during the Africa Climate Summit in Nairobi, this $4.5 billion fund demonstrates the Emirates’ desire to contribute to the transition to a greener economy in Africa.
In conclusion, Dubai asserts itself as a strategic partner for Africa, offering business and collaboration opportunities in a dynamic framework conducive to economic exchanges. This expanding relationship promises to strengthen ties between the two regions and foster mutually beneficial development for Dubai and Africa.