UAE commits to deeper economic ties and investments in Nigeria
The United Arab Emirates has reaffirmed its commitment to long-term economic engagement with Nigeria. Saeed Bin Mubarak Al Hajeri, UAE Minister of State at the Ministry of Foreign Affairs, highlighted growing trade volumes and investment opportunities between the two countries. He emphasized that the partnership is driven by shared goals for economic growth and resilience. The UAE plans to expand its focus beyond trade to include innovation and broader economic transformation in Nigeria.
TLDR
- Saeed Bin Mubarak Al Hajeri stated that Nigeria is a key partner in the UAE’s Africa strategy, with increasing trade and investment activity.
- The UAE’s economic relationship with Nigeria is built on long-term priorities, particularly in infrastructure, logistics, and energy.
- Non-oil trade between the two countries has grown significantly over the past five years, reflecting economic diversification.
- The UAE is broadening its engagement with Nigeria to include innovation, technology, and strategic investment.
- The UAE’s $1bn “AI for Development in Africa” initiative aims to support digital and economic growth across the continent.
