African Reserves

United Arab Emirates could be at the forefront of the “great modernization” of our country – President of the DRC

“The Democratic Republic of the Congo would ask the emerging countries, in particular the United Arab Emirates, to join this great modernization of one of the most important countries of the African continent, and to help in this immense reconstruction”, he told GBF Africa at the Dubai Exhibition Center. , Expo 2020 Dubai.

“My country would like to learn from the UAE in order to have the appropriate capacity in PPPs.

“With the UAE at the forefront of all countries to support us in our new development, we will be more than happy to strengthen our ties with infrastructure, energy and human resource development, SMEs , agriculture and new technologies and communication. ”

President Tshisekedi highlighted the growth potential of the DRC, which has 80 million citizens, 54% of whom are aged 20 and under, has an area of ​​2,345 billion m², with the largest forest reserves outside of the Amazon.

The forum learned that the country is estimated to own 70 percent of the world’s coltan – a key raw material in smartphones and laptops – one-third of the world’s cobalt, 30 percent of the world’s diamond supply and 10 percent of the world’s diamond supply. cent of copper, but that it needs it. investments in infrastructure.

The election of the president in 2019 is considered by the United Nations as the country’s first peaceful transfer of power.

In the years to come, the health, economic development and food security of the country will be impacted by climate change, even though the African continent is only responsible for 2-3% of global carbon emissions, the forum said. . Africa currently receives only one percent of global foreign direct investment, compared to 20 percent for Asia, the president said.

Speaking at the same session, Unleash Africa’s Power, Reem Al Hashimy, UAE Minister of State for International Cooperation, Managing Director of Expo 2020 Dubai, said intra-trade Africa is expected to reach 50% over the next two decades, from its currently 12%, which she said means more purchasing power for citizens, with digitization being an ‘active sector’ the UAE was considering to invest.

“We are looking at it with a lot of promise and a serious level of investment, and infrastructure is going to be key,” she said.

(Report by Imogen Lillywhite, edited by Seban Scaria)

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