Saudi Arabia has announced an ambitious plan to invest $25 billion in Africa while increasing its diplomatic footprint by opening over 40 embassies across the continent in the coming years. The initiative was revealed by Deputy Minister of Foreign Affairs Walid Al-Khereiji during the annual Africa Day reception held at the Culture Palace in Riyadh’s Diplomatic Quarter.
Massive Financial Commitments to Africa
Al-Khereiji stated that by 2030, the Kingdom will finance and secure $10 billion in exports to Africa and provide $5 billion in additional development financing. These investments aim to boost Africa’s infrastructure, economy, and development initiatives.
Saudi Arabia’s Ongoing Support to African Nations
Highlighting Saudi Arabia’s historical support, Al-Khereiji revealed that the Kingdom has provided over $45 billion for development and humanitarian projects in 54 African nations. The King Salman Humanitarian Aid and Relief Center (KSrelief) alone has extended more than $450 million in aid to 46 African countries.
Strengthening Diplomatic Ties
Al-Khereiji emphasized that Africa is a key part of Saudi Arabia’s foreign policy, stating that the planned expansion of embassies reflects the Kingdom’s deepening strategic partnership with African nations. “Saudi Arabia affirms its commitment to expanding trade and integration, and fostering cooperation in international organizations on mutual interests,” he said.
Why Africa Matters to Saudi Arabia
Describing Africa as a continent of "promising opportunities," the Deputy Minister noted its rich natural resources, ambitious youth, and renewable energy potential. He acknowledged the challenges Africa faces, including conflict and climate change, but expressed confidence in the continent’s resilience and aspirations for peace and progress.
Looking Ahead
As Saudi Arabia works to diversify its global economic and diplomatic partnerships under Vision 2030, Africa is expected to play a central role. With billions pledged and over 40 embassies planned, the Kingdom is positioning itself as a long-term ally to African progress and prosperity.
