First Published in 1976, Arab Dollars for Africa examines how Arab funds can be recycled into the African Economy. The long-term industrial future of the Arab oil producers is dependent on the availability of raw materials. Africa as a whole contains vast reserves of vital minerals, but they require considerable investment for their exploitation. The Arab states are well placed to participate in the development of the African economy both on the basis of state-to-state cooperation and through individual enterprises.
Africa and the Arab world share economic goals as members of the developing world and as key primary producers and have a common purpose in bringing about a new international economic order. This book deals in detail with investment opportunities in national development banks and in individual agricultural and industrial projects. This is an important historical analysis for scholars and researchers of African studies, international politics and geopolitics.
Foreword Introduction 1. The Middle East Conflict 2. African Diplomacy in the Middle East 3. Effects of Oil Price Increases in Africa 4. African Criticism of the Arabs 5. Various Proposals for Recycling the Accumulated Surplus of Arab Oil Money 6. What the Arabs can do for Africa 7. Possible Areas of Investment in Africa 8. The Arab Oil Countries and the African Development Banks 9. A Model for Afro-Arab Partnership 10. Investment Incentives in Modern Africa 11. Incentives in the Mining Industry 12. Guarantees Against Nationalisation, and Compensation Agreements 13. The Europe’s Concessions to Africa- The ACP/EEC Negotiations 14. Important Provisions of the Lome Conventions Appendix: Statistical Data Relating to Arab Aid to Africa Index