Al-Jaadan sees private sector investments in Africa at $25B in 10 yrs

Mohammed Al-Jadaan, Minister of Finance

Minister of Finance Mohammed Al-Jadaan expected private sector investments in Africa to reach $25 billion over the next 10 years.

During the Pre-Summits of the Future Investment Initiative (FII) summit, Al-Jadaan noted that projects worth $5 billion are in progress since the Saudi-African Summit last year, which took place less than a year ago.

Saudi Arabia’s partnership with Africa is robust and rapidly growing, the minister said, noting that the Kingdom began implementing several agreements and is committed to strengthening ties between the two regions.