Why Gulf States Are Investing Billions in Africa The recent billion dollar deal between Abu Dhabi's ADNOC Distribution and Shell in South Africa is just one piece of a larger puzzle.
Over the past decade, the Gulf states – led by the United Arab Emirates (UAE) and Saudi Arabia – have invested more than $100 billion in various sectors across Africa.
This investment boom appears to be a welcome development for African nations struggling with financial needs that far outstrip Western development funding.