Post by : Maya Rahman

Dr. Thani bin Ahmed Al Zeyoudi, the UAE's Foreign Trade Minister, undertook a visit to Gabon focused on enhancing economic ties. Meeting with President General Brice Clotaire Oligui Nguema, he extended the UAE leadership's greetings and expressed wishes for peace and progress for Gabon. Together with UAE Ambassador Salem Al Shamsi, Al Zeyoudi explored avenues for collaboration in vital areas like energy, mining, logistics, and digital transformation.

In addition to meetings with the President, Al Zeyoudi engaged with several Gabonese officials including Minister of Mining and Energy Gilles Nembe, Minister of Petroleum and Planning Louise Mvono, and Arthur Lemami, Cabinet Director for the President. These discussions were centered on fostering opportunities for mutual economic advancement.

Data reveals that the UAE's non-oil trade with Gabon soared to US$238.1 million in the first three quarters of 2025, signifying a substantial 36.9% rise from the previous year. This upswing highlights the potential for intensified economic cooperation and the effectiveness of efforts to fortify bilateral relations. According to Al Zeyoudi, the visit underscores the UAE’s dedication to advancing its partnership with Gabon and promoting sustainable economic prospects.

The significance of enhancing trade and investment was a key focus during their discussions, including new prospects for private sector collaboration facilitated by the UAE's CEPA program, which fosters business development through trade partnerships. The UAE currently has CEPA agreements with five African nations, aiming to broaden its free-trade network on the continent.

Concluding the discussions, both the UAE and Gabon expressed their eagerness to establish future agreements that would further enhance bilateral trade and investment. The UAE continues to cultivate relationships with African countries, acknowledging the continent's pivotal role in global economic progress. Notably, UAE's non-oil trade with Africa rose to US$112 billion in 2024, marking a 34% increase compared to the prior year.

Ranked as one of Africa's largest investors, the UAE committed over US$110 billion in investments from 2019 to 2024. Through these burgeoning partnerships and aligned aspirations, the UAE strives to foster sustainable development across Africa while generating meaningful opportunities for mutual growth.

#Business News