Africa offers significant potential for investment and economic partnerships: DP World CEO

Africa offers significant potential for investment and economic partnerships: DP World CEO

DUBAI, 13th October, 2021 (WAM) -- Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African counterparts, Sultan Bin Sulayem, Group Chairman and CEO of DP World Group, said today at the Global Business Forum Africa in Dubai.

Bin Sulayem’s comments came during a session titled Partnerships for Prosperity, which examined Dubai’s efforts to strengthen its investment and trade ties with promising African markets. He highlighted prospects for expanding cooperation between Africa and the UAE and discussed the best ways to simultaneously drive growth in both markets.

He outlined the mechanisms for achieving prosperity, which, he said, require African countries to work to provide opportunities for business success by enacting legislation, laws and policies, in addition to providing logistical services, finance and infrastructure to enable African countries to attract major investments.

On the work of ports and their contribution to promoting economic growth, Bin Sulayem explained that their status comes from the role they play in stimulating prosperity and increasing investment, referring to the example of Dubai’s ports, which contribute significantly to the UAE’s GDP and create many job opportunities on top of being gateways to markets around the world.

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