detail - Regional Programme Gulf States
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Africa has increasingly drawn international attention – and no longer only in context of European development cooperation. The international community – including the Gulf-States have become aware of the economic potential of African countries. If all African nations were to be combined into a single market, they would be the tenth largest economy worldwide. Africa’s GDP grows by 5,5% annually and still 45% of Africa’s population live of less than a dollar a day.
To enable the African population to participate in and benefit from the economic development, innovative and sustainable approaches to development cooperation need to be established. The main objective is to encourage the contributions to economic growth and development mainly on the micro-level in local projects. Also the Gulf-States can play an integral part in promoting entrepreneurship and sustainable economic development in African communities.