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Mauritania Says U.A.E. to Invest $2 Billion—One-Third of Its GDP

  • Pledge includes investment, development projects, soft loans
  • Major explorers made large offshore gas discoveries late year

Mauritania’s government said the United Arab Emirates has made $2 billion available in investment, development projects and soft loans, a sum that equals roughly a third of its gross domestic product.

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.