Page 39 - MOE ENGLISH PR REPORT - AUGUST 2024

Press Release

Ministry of Economy launches ‘UAE - Africa Gateway’ to enhance
economic and investment partnerships with African markets

- Newly launched platform to encourage UAE companies to invest in
African markets

- Local companies interested in joining the platform’s training program
can visit www.uaeafricagateway.ae

Abu Dhabi, 12 August 2024:

The Ministry of Economy (MoEc) announced the launch of its new ‘UAE - Africa Gateway’ digital
platform, designed to facilitate the expansion and investments of UAE businesses in African
markets. Through this initiative, MoEc aims to strengthen economic and investment partnerships
between the UAE and African countries, fostering mutual investments flows in various new and
vital economic sectors.

The Ministry highlighted that the introduction of this platform is a key part of its initiatives to
enable local businesses to enter promising new markets that present unique investment
opportunities and capitalize on them. The platform also seeks to reinforce the UAE’s investment
vision for partnerships with strategic and promising markets, establish its position as an attractive
and influential global economic hub, in line with the ‘We the UAE 2031’ vision.

Services offered by the platform

The Investment and Talent Attraction Department of the International Trade Sector in the Ministry
stated that the platform will provide an interactive map for users to explore investment possibilities
and diverse opportunities in 15 African countries. It will offer comprehensive information and data
about these markets, such as macroeconomic indicators, business environment, organizational and
legal environment, investment incentives, promising sectors, investment prospects, and success
stories of companies. Thus, it will serve as a resource assisting UAE companies in making well-
informed decisions regarding investments in African markets.

Training Program for local companies

Furthermore, the UAE-Africa Gateway is set to introduce a specialized program aimed at
supporting and empowering 15 local investment companies in specific African countries. The
program will create a personalized account for each company on the platform, in addition to
assigning a designated account manager to each of them. The primary objective is to facilitate