The UAE could help shape human development in the DRC as it invests in the economy

The UAE could help shape human development in the DRC as it invests in the economy

The UAE’s potential role in shaping human development in the Democratic Republic of Congo (DRC) through economic investment can be summarized as follows:

  1. UAE Economic Transformation:
    • The UAE has undergone a remarkable transformation from a desert economy to one of the most economically diverse states in West Asia.
  2. Praise for Progressive Leadership:
    • This transformation has received acclaim for its progressive leadership and the unique environment it has fostered.
  3. Focus on Human Development:
    • Central to this transformation is a strong emphasis on human development, with investments in modern educational facilities and significant focus on building human capital.
  4. Attracting Foreigners:
    • Despite a relatively low domestic population, the UAE has attracted foreigners, investing in their capacities and contributing to the nation’s growth.
  5. Expansion into Africa:
    • Over the past decades, the UAE has shown interest in Africa, particularly in natural resources, with initiatives such as grain production in Sudan.
  6. Mining Contract with DRC:
    • The recent $1.9 billion mining contract with the Democratic Republic of Congo highlights the potential impact of such partnerships.
  7. Development of Mines:
    • The deal involves the development of at least four mines in two provinces, including the restive South Kivu region, although specific minerals have not been disclosed.
  8. Previous Deals with DRC:
    • Previous agreements have granted the UAE sole rights to export some artisanally mined minerals from the DRC.
  9. Focus on Human Development Urgent:
    • It is crucial for the UAE to encourage and support human development in mining areas, especially considering the DRC’s current global ranking in human development, just above Afghanistan.
  10. Long-Term Benefits:
    • Investing in the human development of the DRC population can yield long-term benefits for both the companies involved and the UAE-Africa economic relations.
  11. Risk Factors:
    • Widespread violence and a lack of education among the youthful population in mining areas pose risks to investments, regardless of the level of physical security provided.
  12. Responsibility for Positive Impact:
    • The UAE, having the leverage, should ensure its presence in the DRC brings positive impacts, encouraging the establishment of schools, hospitals, and research facilities, similar to successful models in Dubai and Abu Dhabi.
  13. Win-Win Investment:
    • A successful investment should extend beyond benefiting only the elites of the host countries.
  14. Ongoing Efforts:
    • Additional efforts and considerations are necessary for a comprehensive understanding and effective execution of such economic partnerships.

By: Fidel Amakye Owusu

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