African economic affairs expert, Philippe H. Solomon, is projecting for the years to come massive Arab investments into the less developed countries for the African continent. Specifically, Solomon expects Gulf investors to pump billions into these countries.
"Africa can capitalise on the upsurge in international oil prices to attract Arab investments," noted the Tunisia-born specialist. "We have seen Arab money flowing into other parts of the world even to countries such as Cuba, so why not in Africa?"
Solomon mentioned as an example to his words the recent announcement of the Qatar-based investment company IAS International, which plans to invest in a number of development projects in Central African Republic worth 1.6 billion dollars.
