UAE to invest $2bn in Mauritania
Mauritania’s government said the UAE has made US$2bn available in investment, development projects and soft loans, a sum that equals roughly a third of its GDP.
The announcement came after President Mohamed Ould Ghazouani met Abu Dhabi Crown Prince Mohammed bin Zayed al Nahyan, marking his first state visit to an Arabic country since assuming office in June 2019. “This generous support will contribute to create economic and social growth and increase living standards,” according to a statement.
Mauritania is expected to become a natural-gas exporter following large offshore discoveries by major oil and gas explorers last year.