News Articles

UAE pledges to invest $10bn in SA

Source: SA Gov News, 15/07/2018

The United Arab Emirates (UAE) has committed to invest US $10 billion in key sectors of South Africa’s economy, including tourism and mining, to support the sustainable development of the country. The announcement follows Friday’s State visit by President Cyril Ramaphosa, who met with his counterpart, Sheikh Khalifa bin Zayed Al Nahyan, in Abu Dhabi. In a statement on Saturday, the Presidency said President Ramaphosa’s first visit to the UAE marked the beginning of a new chapter in the long-standing relations between South Africa and the UAE. “The leadership of the two countries reaffirmed their deep commitment to further consolidate their strong bilateral relations across a variety of fields, including trade, transport, infrastructure development, tourism, mining, investment and cultural cooperation,” the Presidency said. To support these efforts, a business forum was held between the UAE and South Africa, in which the UAE announced its plans to invest the $10 billion in key sectors. On arrival in Abu Dhabi, President Ramaphosa was accorded a ceremonial reception and was received by Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. President Ramaphosa also met with Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation. The Presidency said the UAE further welcomed South Africa’s positive role in supporting peace and stability on the African continent. The two sides pledged to work closely together in order to promote peace, stability, prosperity, and tolerance in Africa and the Middle East. - SAnews.gov.za


Search

  •    Cape Town - A Western Cape Cape High Court judge is facing a legal conundrum after three illegal immigrants arrested during a national clampdown Operation Fiela turned to the courts to test the lawfulness of their detention... Read more...
  •    FLAWS: ANC treasurer-general Zweli Mkhize says elitist business models and a sluggish economy are limiting jobs.... Read more...
  •    Statistics SA`s analysis of tourist arrivals between 2013 and 2014 fails to take into account that 2013 tourist arrival figures included transit passengers, while for 2014 these were excluded.... Read more...
  •    Tenders are due to go out soon for the R7bn (€441m) expansion of Cape Town International Airport, with construction scheduled to start in February next year and completion due in 2025, according to GM, Deon Cloete.... Read more...
  •    • The department of tourism said the first e-visas to South Africa will be issued in New Zealand in April. • The new visas will allow prospective visitors to apply for a visa online, and print visas at home. • The Western Cape investment agency said they have already seen New Zealand bookings increase by 7%, and is expecting that number to rise.... Read more...
  •    SA`S NEW travel rules prevented our minor children from attending a family funeral. My wife and children were on holiday in Florence, Italy, and I had returned early to our home in Singapore when we received the tragic news that our three-year-old niece had passed away. We wanted to return to SA immediately, in time for the funeral last Friday.... Read more...
  •    The refugee reception office in Port Elizabeth will have to be reopened, following a court judgment this week.... Read more...
  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...
  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...
  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...

Get the latest Immigration News