| LEADING NEWS |
Algeria–The government tackles the national and foreign investment reform.
The new law has been adopted on the 15th October 2007 for simplifying administrative procedures, along with a measure creating land concessions for 20 years, renewable and convertible in legal handover.
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Egypt–2nd Cairo Investment Forum, 9-10 Dec. 2007 in Cairo
The Second Cairo Investment Forum is an ideal opportunity to acquire an in-depth knowledge of the investment environment and investment opportunities in Egypt, and to network with decision makers from both the public and private sectors.
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Morocco–5th Fundamental of Investment, 13-14 Dec. 2007 in Rabat
Morocco organizes an International Conference on investment and business. This forum aims to gather Moroccan and foreign participants from different parts of the world. Men and women actively involved in business, scientific research, civil society or public and political institutions are invited to attend.
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Turkey–Invest in Turkey agency launched on October 24th, 2007
The responsibility of providing investor services (creating, developing and updating the content and investor inquiry handling) which were previously provided by the Undersecretariat of Treasury have been transferred to the new entity.
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| BUSINESS OPPORTUNITIES |
Algeria– Real estate and tourism - Immoclair seeks companies or investors interested by a partnership for the realization of a seawater therapy center in Algeria.
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Algeria– Ports – As for the Skikda port, the government is looking for national and foreign business partners in order to operate and manage the ports of Oran, Mostaganem and Annaba.
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Egypt– Energy – Italcementi SpA is looking for local and international partners to join its project of a 400 Megawatt wind farm in the Gabal El Zeit district, on the Red Sea coast.
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Libya– Consultants– Future engineers in International Business, specialised in the Arab economies offer to realise comprehensive feasibility studies of your projects.
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Morocco – Software– Seal Systems, is looking for partners specialised in leading and accompanying SAP projects in Morocco.
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Morocco – Privatisations – Morocco plans to privatise seven public companies in 2008. The privatisations include majority stakes in SONACOS, SCS, SSM, BIOPHARMA, SOCOCHARBO, BNTA and COTEF.
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Tunisia– Opportunities – Find all the public and private tender offers in Tunisia by visiting the website www.goodmorningtunisia.com.
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Turkey– Energy – Sabanci Holding is looking for foreign partners in the preparation of his tender to build a nuclear power plant in the country.
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RECENTS INVESTEMENTS IN MEDA
All foreign investments in MEDA available in the MIPO observatory |
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Algeria - Health
French lab Mérieux Alliance / BioMérieux to set up local subsidiary in Algiers, focused on infectious diseases and capacity building of local health professionals.
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Egypt - Bank
Dubai Financial Group, The financial arm of Dubai Holding will acquire for USD 1.1 billion the 25% stake in EFG-Hermes that Abraaj Capital bought in 2006 for USD 500 mln.
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Israel - Agrofood industry
Osem Investments, controlled by Nestlé has acquired 51% of infant formula maker Materna from Maabarot Products for NIS 249 million.
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Jordan - Chemical industry
Jordan Phosphate Mines Company and Japan's Mitsubishi Corporation to build a USD300 million JV fertiliser complex.
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Libya - Energy
The group ENI is to pay half of a joint investment programme with Libya’s NOC worth USD28 billion over 10 years.
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Malta - Mechanics & machinery
Oli, part of Wamgroup, to invest EUR 1.5 million in new plant manufacturing industrial equipment and employing 30 people. |
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Morocco - Services to company
French CRM Data Base Factory specialist to create Data Base Factory Morocco in Casablanca, a 300-positions platform attending French-speaking customers.
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Syria - Construction
Dubai-based Bonyan International Investment Group is reported to have received final approval of its massive Syria Bonyan City project, USD15 billion over 11 years.
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Tunisia - Bank
French banking group Caisse d'Epargne to acquire the 60% stake in Banque Tuniso-koweitienne offered by the government for TND 300 million.
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Turkey - Agrofood industry
Savola’s Afia acquired 100% of Yudum Foods, a Turkish edible oils producer, from NBK Capital Equity Partners Fund, for USD 70.7 million.
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| > All foreign investments in MEDA available in the MIPO observatory |
| BUSINESS ENVIRONMENT |
Algria– USD 3 billion assets for a new islamic bank based in London
Algeria has shown a particular interest for this project that will allow them to diversify their investment capacity coming from petrol revenues. This new bank mixing sovereign wealth funds and private islamic banks, would also rely on the major western banks expertise.
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Egypt– Jordan and Egypt to set up an industrial zone in Ramadan, NW Cairo
A USD 1 billion investment, 150 plants to be built and 50,000 jobs created, these are the main objectives of the partnership agreement between the two countries.
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Euromed– End of the textile quotas on chinese products : low impact in MEDA
" Buyers renew their collection 7 times a year and this can only concern a near shore production, because delivery must take 8 to 10 days max.” says French expert interviewed by Les Echos newspape.
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Israel– Arab and Israeli researchers collaborate for 26 years on US funded projects
Research domains concerned by the MERC programme are various: water resources management, fight against parasites or infectious diseases for example..
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Israel– The arrival of foreign banks to create a necessary emulation
Dominated until now by five national banks controlling 94% of the market, the financing landscape is changing with the introduction of new players, and new regulation that favour competition and innovation.
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Jordan– Entrepreneurship is the way to empower its citizens
Jordan is a pioneer in microfinancing with the first public scheme established in 1985.
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Lebanon– Telecom majors focus Lebanese pricing of mobile licences
Orascom, along with Zain and Batelco already made public their intention to take part in the auction. Sawiris declared that "Beirut is like a safe haven" for a company present in Iraq, Zimbabwe and Pakistan.
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Moroco– H.Partners, new investment fund for tourism projects
Two local banks, BCP et Attijariwafa have created this new financing instrument for a sector that presents juicy growth perspectives.
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Palestinian Authority – Renault might sign for Israeli-Palestinian manufacturing of electric cars
Shai Agassi's Better Place electric car project seems to have met the French brand's interests. The factory will be an Israeli-Palestinian JV, an idea promoted by Peres and the French government.
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Tunisia– World-class ICT players weigh Tunisia's potential
Their interest reinforces the governmental support to the sector. "Tunisia has the potential to become a standard for offshore ITC activities," according to Jérôme Boyet, Alcatel-Lucent Tunisia.
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| AGENDA |
30 November and 1st December 2007 – 22nd « Journées de l’Entreprise », Sousse, Tunisia
The topic for this year session will be « Maghrebin companies and Asia, stakes and opportunities”.
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2-4 December 2007 - CIRMA Algerie Mining 2007, Algier, Algeria
Cirma Algerie provides clients with the opportunity to network amongst the key decision makers within the continent from Minerals, Metals, Metallurgy & Materials Industry sectors.
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6-7 December 2007 – 1st edition of Intercluster, Bruxelles, Belgium
The first European “InterCluster 2007” conference aims at improving cooperation between the European clusters.
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9-10 December 2007 – 2nd Cairo Investment Forum, Cairo, Egypt
Know about investment climate in Egypt, and network with decision makers from both the public and private sectors.
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13-14 December 2007 - 5th Fundamental of Investment, Rabat, Morocco
A forum gathering Moroccan and foreign participants, personalities actively involved in business, scientific research, civil society or public and political institutions are invited to attend.
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