UAE, South Africa explore trade and investment opportunities

UAE, South Africa explore trade and investment opportunities

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a delegation of UAE government officials and business leaders to South Africa to enhance trade and investment opportunities between the two countries, and promote development in key sectors such as logistics, food production, tourism and energy.

During the visit, Dr. Al Zeyoudi held bilateral ministerial meetings with Ebrahim Patel, Minister of Trade, Industry and Competition, and Pravin Jamnadas Gordhan, Minister of Public Enterprises, during which they discussed ways to enhance cooperation, facilitate private-sector dialogue, establish new joint ventures and programs, and stimulate mutually beneficial economic growth.

Dr. Al Zeyoudi also met Barbara Creecy, Minister of Fisheries, Forestry and the Environment, to address climate mitigation challenges, private-sector engagement, and the UAE's hosting of COP28 in November and December, which is designed to build international consensus on these key issues.

Al Zeyoudi said the UAE is eager to build partnerships with like-minded nations that can catalyse growth, strengthen supply chains and create new pathways for investment.

He explained, “Amid global challenges, the UAE is taking bold steps to reimagine our economy, and trade is central to our ambitions to accelerate economic diversification, create long-term, sustainable growth and attract new forms of investment.