The UAE has emerged as a major investor in Africa, joining the US, China, and the EU in funding renewable energy, tourism, and infrastructure projects.
Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism, said UAE investments in Africa surpassed $110 billion between 2019 and 2023, with over $70 billion allocated to green and renewable energy, positioning the UAE as the fourth-largest investor after the EU, US, and China.
At the UAE–Africa Tourism Investment Summit 2025, Bin Touq highlighted “investment cooperation opportunities between the UAE and more than 20 African countries” and announced $6 billion in new tourism-focused projects, according to Business Insider Africa.
Dubai’s DP World manages six African ports across nine countries, while Abu Dhabi Ports operates in Guinea, Egypt, and Angola.
DP World, partnering with Masdar, is implementing solar and battery storage systems.In mining, International Resource Holdings acquired a 51 percent stake in Zambia’s Mopani Copper Mines for $1.1 billion.
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UAE investors are also active in carbon credit markets and sustainable forestry in Tanzania, Liberia, Zambia, and Zimbabwe.
Tourism is a strategic focus, with Africa welcoming over 74 million international visitors and the sector projected to contribute $168 billion and 18 million jobs over the next decade.
The UAE hosts over 21,000 African companies that use its ports and infrastructure to maintain trade links.
Bin Touq said these investments aim to “foster productive partnerships, advance sustainable development, and deliver tangible benefits for both regions.”
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Image Credit: CediRates
