Page 60 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)
P. 60

Press Release




               The Joint Ministerial Statement set out five priority areas to bolster joint efforts between the UAE
               and Africa during the upcoming stage.

               The first area,  Tourism, focuses on developing quality tourism infrastructure  and efficient
               connectivity, strengthening human capital, supporting local content  and the circular  economy,
               enhancing adaptation to climate change, and advancing digital transformation. The second area,
               Investment and Infrastructure, underlines the importance of predictable regulatory frameworks,
               investment facilitation, and alignment with continental initiatives such as the African Continental
               Free Trade Area (AfCFTA). The ministers called for increased use of mechanisms that allow funds
               to be redirected toward community development, climate, and environmental initiatives. The third
               pillar, Aviation and Connectivity, aims to expand air links, improve logistics services and facilitate
               mobility, recognizing connectivity as a vital enabler of regional integration and investment to
               unlock tourism potential, especially in underserved destinations.

               The fourth pillar, Sustainability, highlights the need to address the growing impact of climate
               change on environmental systems and the vulnerability of coastal and forest habitats underpinning
               international tourist destinations in Africa.  The  ministers  reaffirmed  their commitment to
               promoting green and climate-resilient projects, supporting investments in nature-based solutions,
               encouraging the use of renewable energy, and integrating sustainability considerations into tourism
               and related sectors. Finally, under the fifth pillar, SME-financing and Innovation, the ministers
               emphasized the role of youth- and women-led enterprises, as well as digital startups and business
               incubators in fostering inclusive growth, innovation, and job creation, and committed to supporting
               their access to finance  and  markets. They recognized the importance of facilitating access to
               finance for the private sector, including through multilateral institutions, in order to make tourism
               a transformative driver of sustainable development.

               UAE as a strategic partner

               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.
   55   56   57   58   59   60   61   62   63   64   65