Part 6/11:
Key Areas of Investment and Strategic Outreach
South Africa’s trade minister is slated to visit Riyadh for the 10th South Africa–Saudi Arabia Joint Economic Committee in May, emphasizing the diplomatic push for closer economic ties. Saudi Arabia’s sovereign wealth fund—valued at nearly $1 trillion—is already making significant moves, with investments such as:
ACWA Power’s $1.9 billion investment in renewable energy projects.
Potential bidding for Durban’s Red Sea Gateway Terminal, worth around $600 million — one of the biggest port projects in sub-Saharan Africa.