Gulf states are rapidly expanding their economic presence in Africa, signaling a shift toward more diversified and long-term partnerships across the continent. Recent developments highlight the deepening engagement of Gulf nations in sectors beyond traditional investments like mining and agriculture.
In a landmark move, the Ports, Customs and Free Zone Corporation (PCFC) of Dubai has signed a Memorandum of Understanding with the Government of Ghana to establish a new economic zone and digital incubator in Accra. The initiative aims to support innovation, entrepreneurship, and regional trade connectivity, reflecting the UAE’s growing influence in West Africa.
Meanwhile, Qatari firms are exploring major investments in Tanzania, focusing on construction and infrastructure — sectors critical to the region’s urban and economic development. These discussions are part of a broader Gulf strategy to secure long-term economic alliances in Africa’s emerging markets.
According to the African Export-Import Bank, Gulf countries invested over $100 billion in Africa between 2012 and 2022. Since then, investment momentum has accelerated, with the UAE now surpassing traditional powerhouses such as China, the UK, and France in direct capital inflows to the continent.
Despite this diversification, Gulf-backed firms continue to invest in key resource sectors. Emirates Global Aluminium is preparing a large-scale investment in a bauxite project in Ghana, while Abu Dhabi-based International Resources Holding recently acquired a majority stake in a Congolese tin mining company for $367 million.
Analysts say these moves underscore the Gulf’s strategic pivot to Africa as a partner in global trade, energy security, and digital transformation — positioning the region as a vital player in shaping Africa’s economic future.