King Abdulaziz Port will also see the creation of an integrated logistics area to improve sustainability and resiliency.
The rail and ports corridor represents a strategic initiative to redefine regional connectivity and economic partnerships.
Green energy in Africa will receive a significant boost as the UAE is set to fuel Africa’s potential with a USD 4.5 billion finance initiative.
West African ports are vital to the region’s ambitions to emerge as a global energy hub. In this strategic pursuit, international heavyweights such as China and the UAE have stepped forward as key investors.
The Addis-Djibouti corridor will be upgraded as The Horn of Africa Initiative’s Regional Economic Corridor Project receives USD 730 million to transform key trade route.
Trafigura and Mota-Engil aim to unlock mineral wealth and boost logistics in Southern Africa through a railway connecting the two states.
Africa50 aims to address the critical shortcomings in regional infrastructure in order to create significant growth.