| LEADING NEWS |
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ANIMA.COOP, a new web site for our network.
ANIMA web site has been completely revamped to become a real window on the Mediterranean business. Beside giving access to the information on the business environment in the region, and all resources developed within the ANIMA project, the new site features a business opportunities publication service, a liaison service between investors and IPAs, and a "partners" extranet to contribute to the web site content and communicate with the network.
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ANIMA involved in two meetings on innovation in november
ANIMA is coordinating the organisation of the annual conference of the Medibtikar programme -Euromed Innovation Technology- held in Cairo, Egypt on the 7th and 8th november 2007. The topic of the conference is the creation of Euromed networks for technology transfer. Moreover the Medinnov network, of which ANIMA is founding member, is having its annual forum in Marseille on the 20th november 2007. The main stakes for innovation territories will be reviewed: education, financing of companies, link research - enterprises, urban integration.
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Euro-Mediterranean Business Summit: november 21 & 22, 2007, Marseille, France
For the 3rd time, Economist Conferences and ANIMA, with the support of several regional partners are once again organising the "Euro-Mediterranean Business Summit". The topic will be " The steady rise of Euro-Mediterranean Partnerships" for this annual forum that is now established as the rendez-vous for public-private dialogue on Euromed economic issues. If you wish to attend please contact us.
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| BUSINESS OPPORTUNITIES |
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Algeria– Industry - The French leader in goods lifts, Etna Fapel, seeks a buyer for his subsidiary company in Algeria.
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Israel– Water treatment– The Israeli national water company, Merkorot, will publish a tender at the end of next year for selecting a company to install the UV water cleaning.
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Jordan– Cattle industry– The private sector is now allowed to import 80% of its 2.4 Million tonnes of its needs in fodder.
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Morocco – ICT & offshore– Develop your business with the Moroccan companies in the framework of the "Mediterranean Businesses meetings" on November 30 2007, in Casablanca.
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Tunisia– Energy– 44 prospecting licences will be provided from now on to 2011, in order to accelerate energy exploration and exploitation.
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Turkey– Transport– Turkey is preparing to put six airports on the market, in accordance with its policy of privatising various State assets.
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RECENTS INVESTEMENTS IN MEDA
All foreign investments in MEDA available in the MIPO observatory |
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Algeria - Real estate
Emirati realty giant Emaar announced the development of four mixed-use projects worth 42 billion euros.
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Egypt - Real estate
The UAE-based group Majid Al Futtaim plans to invest 1.6 billion euro over the next 5 years in 12 new outlets distributing commodities.
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Israel - Agrofood industry
Swiss Syngenta acquiring Zeraim Gedera, specialised in seeds for vegetables and field crops, for US$ 95 million.
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Jordan - Construction
The construction company GAMA is the winning bidder of the 400 millions US$ Disi water conveyance project. It will run it for a period of 40 years.
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Libya - Bank
BNP Paribas becomes the first foreign bank to develop full service banking activities in the country after wining the international bid for a 19% stake in Sahara Bank for 145 million euro.
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Lebanon - Franchises
UAE-based Gourmet Gulf Company announces US$40 Million expansion plan, including Lebanon and Egypt.
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Morocco - Automobile industry
The Renault Nissan alliance committed to creating the largest vehicle manufacturing facility in the Mediterranean, located in Tangiers free zone.
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Syria - Bank
The holding Investment Dar expands its banking activities by creating the first Islamic bank in Syria with a capital of SYP 5 billion.
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Tunisia - Technology
The Spanish group Satec (advanced technology systems) acquires a 70% stake in Tunisian technological company Netcom.
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Turkey - Distribution
The real estate developer Corio (Nederland) will invest USD 500 million in 6 new shopping malls to be built by 2009.
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| > All foreign investments in MEDA available in the MIPO observatory |
| BUSINESS ENVIRONMENT |
Algria– The French companies will continue to invest in Algeria
A renowned Risk Management Expert calls on the French firms to maintain their presence in Algeria.
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Israel– Three-party deal concerning industrial zones in Palestine Authority
A meeting of the Ankara Business forum was organized in East Jerusalem to attract international support.
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Egypt– Egypt is the first Arab and African country to sign the OECD Declaration on International Investment and Multinational Enterprises
Egyptian Minister for Investment said that the declaration is a way for governments to commit to improving their investment climates, ensuring equal treatment for foreign and domestic investors.
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Morocco – The foreign investors plebiscite the Tangier free zone (TFZ)
92% of the investors based in TFZ declare themselves satisfied with the quality of the services offered and 93% are ready to recommend the free zone to other operators.
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Syria– Further liberalisation of the importation of foreign goods
Numerous new foreign products can now be exported to Syria.
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Tunisia– Tunisia again 5th textile supplier of the EU
The Tunisian textile sector recorded positive growth stimulated greatly by the European demand.
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| AGENDA |
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7-8 November 2007- ANIMA - 2nd Euro-Mediterranean Symposium on Innovation, Cairo, Egypt
ANIMA is coordinating the organisation of the annual conference of the Medibtikar programme -Euromed Innovation & Technology- where panelists are expected to work on "Towards the creation of Euromed Industrial Partnerships".
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20-24 November 2007- more events at the Mediterranean Economic Week, Marseille, France
12 events were initially announced in the previous Newsletter but there are currently more than twenty events planned for this economic week coordinated by ANIMA under the mandate of the local authorities, among which Medinnov III on the 20/11, and the Euromed Business Summit on.
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21-23 November 2007 - outsourcing of functions and services, Tunis, Tunisia
OUTSOURCING' 2007, professional event on the outsourcing of functions and services is a meeting gathering professionals and subcontractors accross the Mediterranean.
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13-14 December 2007- international investment conference, Rabat, Morocco
Morocco organizes the 5th and last edition of the International Conference on the "Fundamentals of Investment".
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