Eight sources, including a senior Ethiopian government official, said the United Arab Emirates financed the camp’s construction.
The federal government signed a Comprehensive Economic Partnership Agreement with the United Arab Emirates to remove tariffs on some products.
According to the Federation of Egyptian Industries, the country’s gold exports in 2025 amounted to $7 billion. The target for 2026 is to increase this figure to $9 billion.
The partnership reflected a shift from short-term assistance towards sustainable, locally anchored development solutions.
Mr Tinubu also said Nigeria aims to mobilise up to $30 billion annually in climate and green industrial finance.
The president said Investopia would convene investors, innovators, policymakers, and business leaders in Lagos.
The United Arab Emirates ranks fifth, New Zealand sixth, Australia seventh, Canada eighth, and Malaysia nineth.
The 2026 ADSW, themed ‘The Nexus of Next, All Systems Go’, will focus on sustainable development, climate action, energy transition, and inclusive growth.
Saudi Arabia also warned that it viewed Emirati actions as “extremely dangerous.”
The president is scheduled to participate in the 2026 edition of the Abu Dhabi Sustainability Week (ADSW 2026) Summit.
