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Cape Town - International investor Dubai World is to pump $1bn into Africa over the next five years, according to its chairperson Ahmed Bin Sulayem - and some of the cash is likely to come to South Africa.
Bin Sulayem, who has been attending the World Economic Forum on Africa in Cape Town, said on Friday that the continent ranked alongside China and India as the group's hotspots for investment.
"There are vast opportunities in Africa, opportunities unlike anywhere else in the world," he said in a statement.
Dubai World Africa says that over the past two years it has invested in nearly 20 property assets in seven different countries on the continent.
Six of these investments were in South Africa, including Cape Town's Victoria and Alfred Waterfront, and more were under consideration.
- Sapa