Riyadh-based Vision Invest makes first foray into Africa with large investment
Riyadh-based Vision Invest has announced a $700
million investment in ARISE Integrated Industrial Platforms (ARISE IIP),
marking its first foray into Africa and one of the largest private
infrastructure deals on the continent.
The transaction — which includes both primary
and secondary components — will fund the rollout of “green, inclusive, and
sustainable industrial ecosystems”, according to ARISE IIP. The
Dubai-headquartered developer has already established industrial hubs in Gabon,
Benin, and Togo, attracting manufacturers in wood processing, cotton, cashews,
pharmaceuticals, and meat.
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Advisers on the deal included Standard
Chartered and Norton Rose Fulbright for ARISE, while EFG Hermes and Linklaters
advised Vision Invest.
Gulf capital’s expanding footprint in Africa
The move highlights a broader trend of Gulf
nations intensifying investment in Africa, channeling billions into energy,
logistics, real estate, agriculture, and technology — often outpacing
traditional investors such as China and Europe.
In May, Middle Eastern players were linked to
more than $6 billion in African energy deals within just weeks. Saudi Arabia
has been at the forefront of this push, with ACWA Power and Red Sea Gateway
Terminal pursuing projects in South Africa and beyond.
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The UAE has also stepped up its presence,
committing $1.4 billion to Zimbabwean ventures and partnering on the $25
billion Morocco–Nigeria gas pipeline.
For Saudi Arabia, Vision Invest’s Africa entry
underscores the Kingdom’s wider strategy to diversify investments abroad,
extend industrial partnerships, and strengthen economic influence across
emerging markets.
Source:
https://africa.businessinsider.com/
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