The Hyve Group Plc., which organisers Africa Oil Week has confirmed that business opportunities and discussions at the 2021 edition will remain focused on driving investment into Africa for its sustainable socio-economic development. This year’s event which will temporarily move to Dubai due to COVID-19 restrictions in South Africa will take place on 8-11 November 2021 and has support from key African stakeholders. The event will run under the theme “succeeding in a changed market”, and it will be the only large-scale oil and gas event focused solely on Africa to run in person in 2021
Commenting on the move to Dubai, Attorney Saifuah-Mai Gray, CEO of National Oil Company of Liberia remarked that as “an oil and gas hub, Dubai represents a huge opportunity for Governments to meet a high concentration of investors with the financial and technical capability to partner in our national upstream.”
Indeed, the Africa Oil Week is known for driving deals and transactions across the African oil and gas sector. It is expected that after being forced to host the 2020 edition virtually, recent confirmation that a live event will take place in 2021 will delight event participants.
Miriam Seleoane, Assistant Director at South Africa’s Department of Trade and Industry and Competition commented that her agency “has supported the Africa Oil Week for many years.” She stated that for 2021, she will lead a delegation of 20+ companies to the Dubai event “to advance partnership and investment dialogue between our South African businesses and international partners.” She also reiterated that the Africa Oil Week is still a huge platform for her agency and the South African private sector.
In a previous statement, the organisers of the event cited Dubai as the “next best location” after Cape Town due to the exceptional progress made in the UAE’s vaccination programme. Dubai is also the leading financial centre in the Middle East, Africa and South Asia and presents an opportunity for attendees to meet with new capital holders, further driving investment into Africa.
It is expected that the 2022 event will return to Cape Town, which is seen as its “natural home.”
This article was adapted from a press release distributed by APO Group. You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com
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