Home Industry Finance UAE pledges $10bn in investment, South Africa says The amount will be invested in sectors such as tourism and mining by Reuters July 15, 2018 The United Arab Emirates (UAE) has pledged to invest $10bn in South Africa’s economy, including the tourism and mining sectors, the South African presidency said on Saturday. Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President Cyril Ramaphosa, who has set an ambitious target of attracting $100bn in investment to kick-start an ailing economy. “The UAE announced its plans to invest $10bn in key sectors of South Africa’s economy, such as tourism and mining among others, to support the sustainable development of the country,” the presidency said in a statement after Ramaphosa visited the federation of seven emirates on Friday. 0 Comments