Israel and GCC countries join forces to drive economic development in Africa

A historic investment cooperation between Israel and the Gulf Cooperation Council (GCC) countries has been formed, aimed at driving economic growth and development in Africa. This marks a significant shift in the relationship between Israel and the GCC and underscores the shared commitment to promoting sustainable economic growth in Africa.

Already, Samuel Shay, the Chairman of Israel – UAE business forum has engaged in special economic program in Africa via the Abraham accord peace agreement.

The investment cooperation will leverage the unique strengths of both Israel and GCC countries, including technology, innovation, and financial resources, to support the development of infrastructure and businesses in Africa. The initiative will focus on key sectors such as agriculture, energy, and technology, and will work with African governments and local communities to drive inclusive growth and create new opportunities for the people of Africa.

“We are excited to join forces with the GCC countries to drive economic development in Africa,” said Israeli Prime Minister, Benjamin Netanyahu. “This investment cooperation represents a new era of cooperation between our countries and a commitment to building a better future for the people of Africa.”

GCC Secretary-General, Abdullatif Al Zayani, added, “This investment cooperation is an important step towards promoting stability, growth, and prosperity in Africa. The GCC countries and Israel have a lot to offer and we believe that this initiative will make a real impact on the lives of the people of Africa.”

The investment cooperation will also serve as a platform for building deeper economic and trade relationships between Israel and GCC countries, as well as between Africa and the wider world. This initiative will create new opportunities for businesses, entrepreneurs, and investors, and help to drive innovation and progress across the continent
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Gulf Technology Systems (GTS), a leading provider of innovative technology solutions, announced today its engagement in economic development initiatives in Africa, with full cooperation of the state of Israel and The GCC’s countries, is committed to supporting sustainable growth and improving the lives of people in African communities.

GTS will leverage its expertise in technology, innovation, and financial resources to support the development of infrastructure and businesses in Africa. The company will focus on key sectors such as agriculture, energy, and technology and will work closely with African governments and local communities to drive inclusive growth and create new opportunities.

“We are proud to be part of this important initiative to drive economic development in Africa,” said (Samuel shay President, of Gulf Technology Systems. “GTS is committed to supporting sustainable growth and improving the lives of people in African communities, and we believe that this engagement will have a positive impact on the local economy and society.”

The company’s engagement in Africa will also serve as a platform for building deeper economic and trade relationships with other stakeholders in the region. This initiative will create new opportunities for businesses, entrepreneurs, and investors and help to drive innovation and progress across the continent.

GTS is committed to playing a meaningful role in the development of Africa and looks forward to working with all stakeholders to achieve this goal.