Saudi Push Into South Africa Yields Billions of Dollars in Deals
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A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline.
The rush of deal-making is part of a broader Gulf drive into Africa, with the United Arab Emirates and Saudi Arabia in particular investing in mining, renewable energy and agriculture.