On the sidelines of the meeting of the G20 member states in South Africa, the Minister of the Ierior of the United Arab Emirates announced an increase in the coury’s investme in the African coine to the amou of one billion dollars with the aim of developing artificial ielligence infrastructure and related services.
What is the purpose of the UAE‘s large investme in African couries?
According to Reuters, the United Arab Emirates plans to spend one billion dollars in African couries to help establish and expand the infrastructure needed to benefit from artificial ielligence and provide services based on this technology in the Black Coine. With this extensive investme, the UAE iends to help African couries in the path of national developme and increase the speed of growth of the communities in this region thanks to the use of new solutions and technologies.
Saeed bin Mubarak Al Hajri, the Minister of Ierior of the United Arab Emirates, spoke about the artificial ielligence initiative for developme at the meeting of the G20 member states; A meeting is being held in Johannesburg. He has expressed hope that oil capital can help African couries to benefit from the benefits of new technologies in areas such as education, health and adaptation to climate change. He emphasized that from his coury’s poi of view, artificial ielligence is not just an emerging and promising industry; Rather, it will be a vital eleme of the human future, and for this reason, the UAE focuses on increasing the acceleration of innovation in this field to improve productivity and play an effective role in the global economy.
The commitme to the developme of ethical and responsible artificial ielligence in an inclusive and non-exclusive manner is one of the other key goals of the United Arab Emirates, which was raised by the UAE Minister of Ierior, and a new investme of one billion dollars in the African coine can help to achieve this goal. Of course, it is not yet clear which sectors and areas this amou will be allocated to, or which African couries will have a greater share of it.
It is worth noting that the United Arab Emirates is considered one of the largest investors in the African coine, along with powers such as China; So that the volume of its bilateral exchanges with this coine reached a record of 107 billion dollars last year with a growth of 28% compared to 2023. Also, the total investmes made by the UAE in Africa during the years 2020 to 2024 have been announced as 118 billion dollars. For comparison, it should be noted that the total volume of Iran’s foreign trade in 1402 was equal to 153 billion dollars, of which only 36 billion dollars were related to exports.
