IslamicFinance.de

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, but this scenario is slowly changing. According to the Economist Intelligence Unit, FDI inflows from the Gulf to sub-Saharan Africa topped US$9.3 billion between 2005 and 2015, with Kenya, Uganda, South Africa and Nigeria attracting the largest number of Gulf investors. Especially the sectors with high return margins are capturing the attention of investors. Saudi Arabia and the UAE are among the top investors on the continent when it comes to agriculture. The UAE’s Al Dahra Agriculture is investing in wheat farming in Egypt, while Saudi companies have invested heavily in Sudan’s agricultural sector.