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What is driving the heavy investment in Africa by the Gulf States? Part 2

18 Jul 2025 | Market News

Gulf States, particularly the United Arab Emirates (UAE), Saudi Arabia, and Qatar, are increasingly focusing investment into the African mining landscape. Here is a deeper examination into the details of investments and strategies, country by country.

United Arab Emirates (UAE) 

The UAE is leveraging its trading hubs, sovereign wealth funds, and global networks to dominate commodity trading, logistics, and upstream mining investment. 

Key deals & moves 

  • Abu Dhabi's Emirates Global Aluminium has signed an agreement to buy copper from Kamoa-Kakula project 

  • UAE’s sovereign investors have partnered with Moroccan companies for gold and base metal projects in West Africa 

  • Port and corridor developments in Senegal, Somaliland, Mozambique, Angola, 

  • Much of Africa’s ASM gold is funnelled through Dubai 

Saudi Arabia 

Through its Vision 2030 and state miner Ma’aden, Saudi Arabia is investing in African mines to secure critical minerals, build joint ventures and position itself as a global mining hub. 

Key deals & moves 

  • Acquired a 10% stake in Brazil’s Vale base metals business, which has African assets 

  • Signed mining cooperation agreements, seeking joint exploration ventures 

  • Saudi Arabia hosts the Future Minerals Forum 

Qatar 

Qatar is less aggressive than the UAE or Saudi Arabia but uses Qatar Mining and the Qatar Investment Authority to secure deals, especially in North and West Africa. 

Key deals & moves 

  • Active in gold exploration and extraction 

  • Aluminum and phosphate supply chain interests in partnership with Mauritania and Algeria 
     

Other Gulf-African Synergies 

  • Multilateral & Gulf-Africa Investment Forums 

  • Frequent forums held in Riyadh, Doha, and Abu Dhabi promoting African mining 

  • Gulf states offer Sharia-compliant project finance, trade credits, and infrastructure-for-minerals swaps  
     

    Gulf Country 

    African Country 

    Mineral | Sector 

    Company | Investor 

    Summary 

    UAE 

    DRC 

    Copper | Cobalt 

    Emirates Global Aluminium 

    Offtake Agreements 

    UAE 

    West Africa 

    Gold | Base Metals 

    ADQ | Managem 

    Strategic Partnerships 

    UAE 

    Senegal 

    Port Logistics 

    DP World 

    Developing Dakar Port 

    UAE 

    Mozambique 

    Corridor Logistics 

    DP World 

    Investment in ports 

    UAE 

    Sierra Leone 

    Gold 

    Dubai Gold Refiners 

    ASM gold for refining 

    Saudi Arabia 

    Sudan 

    Gold | Exploration 

    Ma’aden | Ministry of Industry 

    Exploration | Investments 

    Saudi Arabia 

    Mauritania 

    Iron Ore | Gold      

    Ma’aden 

    Exploration Partnerships 

    Saudi Arabia 

    Several 

    Copper | Nickel      

    Ma’aden | PIF 

    10% stake in Vale Base Metals 

    Qatar 

    Sudan 

    Gold 

    Qatar Mining 

    Exploration and mining licenses 

    Qatar 

    Mauritania 

    Iron Ore 

    Qatar Mining 

    FS in iron ore with SNIM 

    Qatar 

    Zambia 

    Copper 

    Qatar Investment Authority 

    Partnerships with miners 

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