Dubai World plans to invest Dh5.5 billion ($1.5 billion) in Africa, a top official said, while meeting Nigerian leadership recently.

Sultan Ahmad Bin Sulayem, chairman of Dubai World, met Nigerian President Umaru Moosa Yar'Adua in Abuja to discuss opportunities in mining, energy, ports and urban development, said a Gulf News report.

'Nigeria is a major destination for Dubai World and a key country in our overall plans for the African continent, where we intend to invest over $1.5 billion in the next few years. We have already launched some highly potent ventures in some African countries and are looking for more,' Bin Sulayem said.