Page 61 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)
P. 61

Press Release





               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.

                                                           -Ends-

               For further information, please contact:

               Orient Planet Group (OPG)
               Tel:  +971 4 4562888
               Email: media@orientplanet.com
               Website: www.orientplanet.com
   56   57   58   59   60   61   62   63   64   65   66