On the sidelines of the Future Investment Initiative (FII) Europe 2026 summit, Council President Faure Essozimna Gnassingbé held discussions on Thursday, June 18, with Yasir ben Othman Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF) and chairman of the Future Investment Initiative Institute’s board.
This meeting is part of ongoing efforts to strengthen economic ties between Togo and the Kingdom of Saudi Arabia.
Togo and Saudi Arabia focus on transformative projects
During their talks, the two leaders explored co-investment opportunities and discussed developing high-impact projects across several strategic sectors.
Agriculture, agro-industry, manufacturing, and port activities were identified as priority areas to boost Togo’s economic transformation.
Both sides reaffirmed their shared commitment to strengthening cooperation to drive economic growth and create value.
Saudi Arabia’s Public Investment Fund: a strategic partner for Africa
Ranked among the world’s largest sovereign wealth funds, Saudi Arabia’s Public Investment Fund (PIF) holds stakes in several companies operating across Africa, some of which are already active in Togo.
This presence reinforces Saudi Arabia’s role as a strategic partner for development financing and investment in Africa.
Togo’s cotton sector takes center stage in talks
Discussions also covered ongoing projects and mechanisms to revitalize Togo’s cotton industry.
The stated goal is to increase the sector’s contribution to national economic development and wealth creation for the population.
A strong signal of Togo’s economic appeal
This high-level meeting highlights the growing interest of Saudi investors in the Togolese market.
By diversifying its economic and financial partnerships, Togo aims to solidify its status as a preferred investment destination in West Africa and accelerate the implementation of transformative projects.
The Council President’s participation in the FII Europe 2026 summit is therefore part of Togo’s strategy to promote itself to major international economic players.
