Global Sovereign Investments To Transform Africa's Real Estate - News Summed Up

Global Sovereign Investments To Transform Africa's Real Estate


Global sovereign investments in Africa, such as the UK's $2 billion commitment to sustainable projects and the US's $200 billion through the Partnership for Global Infrastructure and Investment (PGII) initiative, are set to have a significant impact on the continent's real estate sector, according to global real estate consultancy Knight Frank. The report also indicates that Middle East sovereign wealth funds are gearing up to invest approximately $120 billion in Egypt in the near future. Africa's real estate market stands to gain from unlocking investment opportunities in five sectors: data centres, manufacturing, ESG (Environmental, Social, Governance), infrastructure, and agro-processing. This sector has attracted the interest of global tech giants, e-commerce behemoths, and online retailers. Institutional investors are making substantial moves in Africa's data centre market, such as Digital Realty's $3.5 billion acquisition of Terraco.


Source: The North Africa Journal October 14, 2023 17:14 UTC



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