The Cost of the Gulf’s Booming Business in Africa ...Middle East

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Late last year, over 50 African leaders gathered in Riyadh for the first ever Saudi-Africa summit. Convened by Crown Prince Mohammed bin Salman, it brought together a mélange of democrats and dictators, reformers and kleptocrats, young go-getters and long-ruling dinosaurs. Their objective? To wangle a slice of the $40 billion Saudi Arabia plans to invest in Africa. [time-brightcove not-tgx=”true”] For the African leaders in attendance, the summit was a golden opportunity to obtain generous aid and inexpensive loans from one of the world’s richest countries. But to those tuned into geopolitics, the gathering spoke to a much bigger trend: the recent expansion of economic and politi

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