The United Arab Emirates is rapidly emerging as a major player in the mining sector in Africa, starting with the acquisition of a large copper mine in Zambia. With its oil-dependent economy vulnerable to the global shift away from fossil fuels, Abu Dhabi is trying to secure a central place in the new energy economy.
The Gulf Cooperation Council states are on a transformative journey, tapping into new sectors to diversify their traditionally hydrocarbon-dependent economies. Now, a regional space race is emerging, driven by domestic economic ambitions and commercial interests, but also the desire to enhance global prestige and soft power.