On the sidelines of the Future Investment Initiative (FII) Europe 2026 summit, President Faure Essozimna Gnassingbé held a strategic meeting on Thursday, June 18, with Yasir ben Othman Al-Rumayyan. Al-Rumayyan serves as the Governor of the Saudi Public Investment Fund (PIF) and the Chairman of the FII Institute.
This high-level dialogue marks a significant step in deepening the economic partnership between Togo and the Kingdom of Saudi Arabia.
Strategic collaboration on structural initiatives
The discussions centered on co-investment opportunities and the implementation of high-impact projects across several vital sectors. Both leaders explored ways to accelerate economic transformation through targeted initiatives.
Key priority areas identified for this collaboration include agriculture, agro-industry, manufacturing, and port operations, all of which are essential for Togo’s long-term economic growth.
The two parties reaffirmed their shared commitment to strengthening bilateral cooperation, aiming to stimulate sustainable economic development and generate value for the nation.
The Saudi Public Investment Fund: A key ally for African development
As one of the world’s premier sovereign wealth funds, the Public Investment Fund (PIF) already maintains interests in several companies operating across the African continent, including some active within Togo.
This established presence reinforces Saudi Arabia’s role as a primary strategic partner for financing large-scale development and investment projects throughout Africa.
Focus on revitalizing the Togolese cotton sector
A significant portion of the talks was dedicated to ongoing projects and the mechanisms required to breathe new life into Togo’s cotton industry.
The ambition is to boost the sector’s contribution to the national economy, ensuring that the resulting wealth directly benefits the local population.
Strengthening Togo’s economic appeal
This meeting underscores the growing interest of Saudi investors in the Togolese market. By diversifying its financial and economic partnerships, Togo is solidifying its position as a top-tier investment destination in West Africa.
President Gnassingbé’s active participation in the FII Europe 2026 summit reflects a broader strategy to promote Togo’s potential to major international economic players and accelerate the delivery of structural projects.
