Saudi Arabia's Ambitious Investments and Expansion of Diplomatic Presence in Africa
Saudi Deputy Minister of Foreign Affairs announces plans to increase embassy count and invest $25 billion in the continent.
Riyadh — Saudi Deputy Minister of Foreign Affairs, Walid Al-Kheriji, has revealed that the country aims to expand its diplomatic presence in African nations, with plans to establish more than 40 embassies over the coming years.
Additionally, Saudi Arabia is set to invest $25 billion in Africa's development.
These announcements were made during a reception held at the Culture Palace in Riyadh to commemorate Africa Day.Al-Kheraji emphasized that Saudi Arabia will provide financing for exports to Africa amounting to $10 billion and offer $5 billion in additional development funding by 2030.
The deputy minister highlighted the kingdom's commitment to enhancing cooperation and partnerships with African countries, promoting trade integration, and strengthening coordination within international organizations on matters of mutual interest.He underscored that African nations hold a significant place in Saudi Arabia's foreign policy and diplomatic network.
Al-Kheriji pointed out that over $45 billion has been allocated by Saudi Arabia to support development and humanitarian projects across 54 African countries.
Furthermore, the King Salman Humanitarian Aid and Relief Center (KSrelief) has provided more than $450 million in aid to 46 African nations.Al-Kheriji spoke of Africa's potential, citing its natural resources, ambitious youth, and renewable energy prospects.
Despite challenges such as conflict and climate change, he affirmed that the continent's spirit of cooperation and development aspirations remain resilient.
This outlook points towards a future where Africa plays an increasingly important role in global affairs.