Page 484 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

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10/28/25, 9:20 AM UAE and more than 20 African nations agree to launch new investment
The ministers reaffirmed the African Continental Free Trade Area (AfCFTA) as a cornerstone of regional
integration and competitiveness. They welcomed collaboration with strategic partners, including the
UAE, whose engagement can mobilize capital and connectivity in ways that reinforce the
implementation of AfCFTA and regional value chains.

The ministers recognized the UAE as a reliable partner in advancing the sustainable development of
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.

They also agreed on the importance of sharing knowledge, best practices, and capacity-building to
replicate similar outcomes 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.

Implementation and investment mapping

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 USD 6 billion and are
projected to generate 70,000 direct and indirect jobs collectively.

Furthermore, the ministers invited development partners and institutional investors to engage with this
pipeline and explore appropriate instruments including public-private partnerships (PPPs), blended

finance, debt-for-nature swaps and guarantees, and agreed to maintain a light coordination mechanism
to track progress and report to the next ministerial gathering.

The meeting concluded with the ministers expressing their appreciation for the efforts of the UAE
government and the Ministry of Economy and Tourism in hosting the UAE-Africa Tourism Investment

Summit and for their generous hospitality.