| LEADING NEWS |
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ANIMA 5th annual conference held in Marseille on the 30th May 2007 .
The ANIMA community is expected for the 5th and last ANIMA annual conference that will take place on 30th May 2007 in Marseille, France. The European Commission, institutional sponsors (local communities), MEDA and European Investment Promotion Agencies (IPAs) as well as international investors and media representatives will attend the event.
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Cyprus creates a One-Stop Shop for the enterprises
The Government of Cyprus has set up in Nicosia (April 2007) a One-Stop-Shop for local and foreign based companies. The Government has adopted this institution with the aim of facilitating, accelerating and simplifying the process of setting up a business.
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Agadir agreement opened for other Arab countries of the Mediterranean basin
The agreement which currently gathers Egypt, Jordan, Morocco and Tunisia, remains opened to all the Arab countries of the basin. Its objective is notably to “balance the effect of globalisation and the extension of multinational corporations” according to Salem Khazaaleh the Ministry of Industry and Trade.
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| BUSINESS OPPORTUNITIES |
Egypt– CAR INDUSTRY- Auto sector foreign investments promoted – The Egyptian government offers long term rents, trainings and export support to foreign entrepreneurs who plan to invest in the car industry supply.
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Jordan– URBAN DEVELOPMENT - Amman relies on foreign investors– The Greater Amman Municipality has ambitious urban development and transformation plans for which they will count on private investors, notably from the Gulf.
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Lebanon– TELECOMMUNICATIONS – Two mobile licences to be launched this year– Government is determined to push ahead with the sale of two mobile phone network operating licences and the launch of a third operator by the end of the year.
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Morocco – AGRICULTURE – Second call for the arable lands managed by Sodea-Sogeta– The second invitation to tender is once more interesting the Spanish investors. For the first phase, in 2005, the Spanish investors got 11 projects out of 24.
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Syria– BANK - Foreign banks allowed owning 60% of a joint venture – Governor of the Central Bank of Syria confirmed that the foreign banks will be allowed to increase their shareholding in joint venture banks from 49% to 60%.
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Tunisia– BANK - Sale of 60% stake of Banque Tuniso-Koweitienne – Expression of interest from banks with over 3 billion USD assets, or financial investors with an invested portfolio over 1 billion USD are expected by June 5th, 2007.
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RECENTS INVESTEMENTS IN MEDA
All foreign investments in MEDA available in the MIPO observatory |
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Algeria - Chemistry
Canadian Greenhouse Gas Separation Systems to create a regional subsidiary to market its greenhouse gas capture solutions..
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Egypt - Public works
Emaar, the emirate promoter reveals 2 new projects: one of 1 billion USD for a residential unit New Cairo City, the other a 700 million USD mix use project on the Cairo-Alexandria Desert Road.
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Jordan - Public works
Aéroports de Paris : Queen Alia International Airport to be expanded under a 500 million USD BOT contract by an international consortium led by the French operator.
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Libya - Energy
Gazprom: Russia's gas export monopoly to invest US$200 million to prospect and develop offshore block 18 with Libya's NOC.
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Morocco - Transport
CMA-CGM: The French group buys the Comanav for Euro 200 million and gets another 20% stake in Tangiers new container terminal..
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Syria - Banks
International Financial Advisors : The Kuwaiti company has received the necessary approval from authorities to establish a financial services company.
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Tunisia - Public works
TAV : The Turkish consortium wins a Euro 400 million BOT contract for the construction of Enfidha airport and maintanance of the Monastir airport.
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Turkey - Furnishing and houseware
Bosch-Siemens Hausgeraete : BSH has increased capacity at its Turkish plant to 3.5m units, making it one of the largest in its worldwide network..
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Turkey - Telecom
Oger Telecom : Turkish mobile operator Avea, controlled by saoudian Oger via Turk Telekom, to invest heavily in its infrastructures thanks to a 1.6 billion USD syndicated loan.
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| > All foreign investments in MEDA available in the MIPO observatory |
| BUSINESS ENVIRONMENT |
Algria – The diaspora called to take part in the country innovation effort
The director of CNRS calls the expatriate competencies.
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Algria – 24 billion dollars of public investments in transport infrastructures
The government will release this investment within the next 5 years.
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Egypt– The country promotes its assets for off shoring in the Mediterranean
It also highlights its ideal position to target the Arabic peninsula.
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Lebanon – 31 hydrocarbons deposits discovered
The strong hydrocarbons potential attracts 9 oil companies.
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Lebanon – New measures to facilitate the setting up of a business
New measures will be passed to curb the expenses and paperwork.
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Morocco– Foreign investments total 12 billion euros on the Casablanca Stock Exchange
An increase of 37.8% from 2005 to 2006, according to CDVM
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Morocco– Siyaha: a new investment fund launched by BMCE
It will be endowed with US$250 million in equity.
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Tunisia– New measures to support the development of E-commerce
Incentive for the creation of activity, and promotion of usages.
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Tunisia– President announced a new range of measures to benefit the companies
Government pursues its objective to favour SME creation.
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| AGENDA |
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30-31st May 2007 – 5th ANIMA annual conference – Marseille, France
With the participation of the European Commission and other sponsors, about 20 Med IPA managers and directors from investing companies.
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12-14 June 2007 – Seminar : « Lead generation and bid winning, information management strategy », Marseille, France
Aimed at investment promotion agencies, this seminar addresses economic intelligence, the building of a resource database and the building of a targeted offer to an investor.
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21-22nd June 2007 – Forum de Carthage - Tunis, Tunisia
ANIMA will participate to the 9th edition of the Forum de Carthage organised by FIPA/ Invest in Tunisia. The topic of this year event is “Industrial Internationalisation and Outsourcing of Services”.
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28-29th June 2007 – 5th World Investment Conference - La Baule, France
ANIMA will participate to the 5th edition of this conference “La Baule 2007”. The topic of this year event is “Green Technologies and Services in Europe — High Returns and Global Opportunities”.
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