Page 245 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

11/3/25, 8:39 AM Sheikh Mohammed highlights UAE's commitment to strengthen economic and tourism ties with Africa
The ministers acknowledged the UAE as a dependable partner in advancing sustainable development within African
economies, particularly in the tourism sector. They noted the UAE’s successful experience in leveraging tourism to attract
international investment, diversify its economy, and contribute to long-term sustainable growth. Furthermore, they agreed
on the importance of sharing knowledge, best practices, and capacity-building to replicate similar successes across African
destinations. The participants valued cooperation with development finance institutions and international organizations,
including the African Development Bank, World Bank Group, International Monetary Fund, UN Tourism, World Trade
Organization, International Civil Aviation Organization, and United Nations Economic Commission for Africa to provide
finance, guarantees, technical assistance, and policy support.

Investment mapping for tourism growth

The ministers welcomed the development of a concise investment mapping that identifies priority projects and enabling
reforms in tourism and related sectors such as aviation, logistics, infrastructure, and digital across participating countries.
The projects submitted by participating countries under the investment mapping are estimated to require a total investment
of approximately $6 billion and are projected to generate 70,000 direct and indirect jobs collectively.

Moreover, the ministers invited development partners and institutional investors to engage with this pipeline and explore
suitable instruments, including public-private partnerships (PPPs), blended finance, debt-for-nature swaps, and guarantees,
and agreed to maintain a streamlined coordination mechanism to track progress and report to the next ministerial gathering.
The meeting concluded with the ministers expressing their appreciation for the UAE government’s efforts and the Ministry
of Economy and Tourism in hosting the UAE-Africa Tourism Investment Summit and for their generous hospitality.

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