United Arab Emirate (UAE)'s business mogul, Sheikh Abdullah Al Ghurair has got his eyes set on investing in Nigeria, Daily Trust reports.
Al Ghurair is one of the richest men in the Arab world. He intends to invest in the oil and gas, power, financial, agriculture and mining sectors of the Nigerian economy, a source close to the project told Daily Trust.
The source said Al Ghurair was concluding arrangements to meet with chief executives and officials of various sectors of the economy, with a view to identifying the specific areas of investment.
Abdullah Al Ghurair has earned the admiration of his peers over a long and very successful career, as a private businessman and an ambassador for the financial services industry.
In addition to being chairman of Mashreqbank, he also oversees a wide variety of businesses that have helped bring prosperity to the UAE from the earliest days of the country's rapid development.
These include both home-grown, UAE-based operations as well as regional and international businesses in 20 countries.
UAE ventures include the Al Ghurair Retail City; National Flour Mills; National Cement Company; and the diversified ETA - Ascon Group, among many others.
In his public roles, Abdullah Al Ghurair serves as chairman of the UAE Bankers' Association and a member of the Dubai Council for Economic Affairs.
"Abdullah Ahmad Al Ghurair is a visionary businessman and one of the pioneers of banking in the Arab world. Thanks to his vision, he established Mashreqbank even before the formation of the UAE and has continued to develop it into one of the most progressive financial institutions in the Gulf region," the source told Daily Trust.
Some of Al-Ghurair's investment concerns include; the UAE-based conglomerate, Al Ghurair Investment (AGI); operates 32 diversified subsidiaries in real estate, construction and engineering, agriculture, education and other sectors.
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Arab culture has traditionally been very racist to Africans and their culture. Anything related to the United Arab Emirates is not a good consideration as far as trade is concerned. It'd be much better for African governments to utilize the collective monetary capital and intellectual capital of their African citizenry as well as individual's of African decent throughout the diaspora, wherever they may be.
In ARABIC THE WORD FOR BLACK IS THE WORD FOR SLAVE!!!! THAT SAYS A LOT? IF OVER THE YEARS THE ARABS ARE READY TO LOOK UPON BLACKS WITH RESPECT AND DIGNITY FINE, LET THEM COME AND DO BUSINESS WITH US. BUT ONGOING EXPERIENCES OF AFRICANS ACROSS THE ARAB WORLD DOES NOT SUGGEST THAT. THEY NEED TO KNOW THAT WE HOLD OUR DIGNITY HIGHER ABOVE ALL THE BENEFITS OF THEIR INVESTMENTS.