MBS Enters the Race for Africa | Firstpost Africa | Subscribe to Firstpost | N18G

MBS Enters the Race for Africa | Firstpost Africa | Subscribe to Firstpost | N18G Saudi Arabia is significantly ramping up its engagement with Africa, pledging $25 billion in new investments and plans to open over 40 embassies across the continent in the coming years. Announced by Deputy Minister of Foreign Affairs Walid Al-Khereiji at the annual Africa Day celebration in Riyadh, this strategic pivot includes $10 billion in export financing and $5 billion in additional development funding by 2030. Driven by a desire for geopolitical influence, economic diversification under Vision 2030, access to natural resources, and a bid to become a regional peacemaker amid rivalry with the UAE, Riyadh's comprehensive approach signifies Africa's growing importance on the global stage. Watch this video to know more. --- Saudi Arabia | Walid Al-Khereiji | Riyadh | UAE | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #saudiarabia #walidalkhereiji #riyadh #uae #firstpostafrica #africa #alysonlegrange #globalsouth #militarycoup #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. https://www.youtube.com/@Firstpost Follow Firstpost on Instagram: https://www.instagram.com/firstpost/ Follow Firstpost on Facebook: https://www.facebook.com/firstpostin/ Follow Firstpost on Twitter: https://twitter.com/firstpost Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V