Summary: African economic affairs expert, Philippe H. Solomon, is
projecting for the years to come massive Arab investments into the less
developed countries for the African continent.
African economic affairs expert, Philippe H. Solomon, is projecting
for the years to come massive Arab investments into the less developed
countries for the African continent. Specifically, Solomon expects Gulf
investors to pump billions into these countries.
"Africa can capitalise on the upsurge in international oil
prices to attract Arab investments," noted the Tunisia-born
specialist. "We have seen Arab money flowing into other parts of
the world even to countries such as Cuba, so why not in Africa?"
Solomon mentioned as an example to his words the recent
announcement of the Qatar-based investment company IAS International,
which plans to invest in a number of development projects in Central
African Republic worth 1.6 billion dollars.
2008 Al Bawaba (www.albawaba.com)
2008 Al Bawaba (Albawaba.com)
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