Thus far, approximately $5 billion worth of deals have been signed and are still in discussion concerning renewable energy, real estate, gas stations, and logistics.

Saudi-South Africa Business Forum Co-Chairman, Stavros Nicolaou, said, “With Saudi, which only started to diversify away from oil more recently, you find a big market where you have quite a bit of complementarity.”

According to the World Economic Forum, since 2014, the Gulf countries have invested over $100 billion in Africa.

Darul Ihsan Media Desk