EMIRATI INFLUENCE Africa: Maritime investment tightens UAE’s grip on the continent
By Sherif Tarek
Posted on Thursday, 14 July 2022 12:21
The United Arab Emirates (UAE) is in a prime position to ramp up its influence on the Red Sea corridor and the Horn of Africa, thanks to billions of dollars’ worth of port projects that empower the Emiratis to stave off competition from other regional powers.
A new Red Sea port that the UAE will co-develop in Sudan is the latest to be unveiled in a series of maritime projects either planned or executed by Emirati companies.
Through such investments in Africa, the UAE – the fourth biggest global investor on the continent behind China, Europe, and the US – stands to serve its geopolitical and security interests.
Market accessibility and security
“On the commercial side, the UAE is improving its ability to access markets across Africa, drawing on its status as a regional logistics and re-exports hub,” Torbjorn Soltvedt, MENA principal analyst at Verisk Maplecroft, tells The Africa Report.
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