1st study released on behalf of the Invest in Med project: FDI towards MEDA in 2007
Foreign direct investment into MEDA in 2007: the switch. Find out the most recent data, all the analyses of our experts, the last trends on the foreign direct investment in the Mediterranean in the 2007 edition of the report of ANIMA FDI Observatory.
[Download the report] (French version until 1st June 2008)

Invest in Med launch conference : Marseille 1st and 2nd July 2008
The Med-Alliance consortium organises the 1st conference of the Invest in Med project, with the attendance of the networks it represents (enterprises confederation, economic development agencies, chambers of commerce) and the presence of the European Commission. The conference will propose plenary sessions on the project presentation and the stakes it is aimed at tackling, and workshops on the project strategy and internal processes.
For more information, please contact info@anima.coop

Algeria – Insurance - New regulation concerning the establishment of foreign insurance companies
By specifying the conditions of opening of branches of foreign companies through two recent decrees, the government hopes to attract more insurers on the Algerian market.
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Jordan – Energy - First Jordanian uranium mine operational by 2012
The government wishes to develop nuclear power and is looking for a partner to provide the technology in exchange for an access to the kingdom's abundant resources of uranium.
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Morocco – Construction - Starting of 130.000 social housing construction programme
This project consists in building and selling nearly 130.000 houses at moderate prices (140.000 dirhams). Group Al Omrane launches a call for proposals for innovating technical processes.
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Tunisia – Transport - Tender for Tunis' fast urban railway network
Yapi Kredi Bank said they had hired Merrill Lynch and Unicredit as advisors in February 2008 to help them reorganise their operations in the insurance sector.
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Turkey – Insurance – Yapi Kredi Sigorta (Insurance) for sale
Yapi Kredi Bank said they had hired Merrill Lynch and Unicredit as advisors in February 2008 to help them reorganise their operations in the insurance sector.
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Turkey– Privatisation – Power grids privatisation to be launched in April 2008
Two electricity distribution companies, in Ankara (BEDAS), and Sakarya-Kocaeli region (SEDAS), are to be sold first.
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Algeria - Cement
French building material giant Lafarge to become a strategic partner of the government by taking a 35% stake in ERCC, which owns the Meftah cement factory.

Egypt - Distribution
Germany's Metro AG to invest EUR 150 million over 3-5 years to open up to 10 supermarkets under the 'Makro' brand.

Israel - Chemistry
US investment fund Fidelity to buy a 5.2% stake in Israel Chemicals, a fertilisers and specialty chemicals producer.

Jordan - Furnishing and houseware
The UAE-based interiors contractor Depa to increase its stake in Jordan Wood Industries up to 36.4% for USD 7.6 million.

Lybia - Financial services
Kuwait's Investors Holding to set up a USD 2 billion investment firm with the Libyan government.

Morocco - Chemistry
PetroVietnam Fertiliser and Chemical Joint Stock Company to set up with local OCP a USD 600 mln JV fertiliser.

Syria - Tourism
The British hospitality group InterContinental (IHG) to sign with M.A. Kharafi Group of Kuwait a management agreement for a complex due to open in 2010 in Damascus.

Tunisia - Energy
Irish energy group Petroceltic to be granted new 3-years exploration permit for the Ksar Hadada site.

Turkey - Drugs
The Japanese pharmaceutical company Daiichi Sankyo to set up a subsidiary headquartered in Istanbul in order to market locally its products.

Algeria– National council of investments approves 10 investment projects in Algeria
Several major projects just approved in the field of tourism, distribution, sea water desalination, steel production, fertilizers and vehicle assembly.
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Egypt – Gold : Canada-based Klondike Star sees Egypt as a highly strategic market
The Oweinat gold concession may contain 'a phenomenal concentration of gold that could rank amongst the world's largest and richest deposits' said the President of KDSM.
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Israel – Moody's upgrades key ratings of Israeli economy
The government foreign and local currency bond ratings have been upgraded from A2 to A1 and the foreign currency ceiling for bank deposits has been upgraded from A2 to A1 as well.
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Jordan - Syria – Planned integration of railways networks in the Middle East
Jordan, Syria and Saudi Arabia consider reviving Hijaz Railway, while Iraq will soon float a tender for railway linkage with Jordan and Syria.
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Libya– Alcatel-Lucent to set up a Wimax network in Libya
Alcatel-Lucent has won the contract of Libya Telecom and Technology (LTT), a national Internet service provider, to implement the first WiMAX Network in Libya.
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Morocco – Chemistry - Phosphates: Morocco and Libya are planning to build 3 plants in common
The two countries began to conduct a feasibility study which estimates the overall project cost around USD 1 billion.
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Syria – Setting up of a wireless telecommunications network
Greek Intracom Telecom inked a contract with he Syrian Wireless Organization (SWO) to build a national wireless network providing public institutions with emergency and disaster communications.
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Tunisia – Agro-business - Biological agriculture: a carrying market in Tunisia
The increase in the dedicated surfaces, of the production as of exports show that this sector experiences a strong development. Additional investments would make it possible to accelerate it.
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Turkey – New IMF calculation method: Turkey will be the world's 15th largest economy by the end of 2008
The latest forecast in the World Economic Outlook of the International Monetary Fund shows that Turkey's gross domestic product in terms of purchasing power parity will reach USD 941.6 billion.
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From 26 to 28 May 2008 - Innovation financing - Towards the creation of regional tools, Casablanca, Maroc
ANIMA participates and coordinates the organisation of this seminar dedicated to innovation financing, in the framework of the Medibtikar programme - Euromed Innovation & Technology Programme.
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3 june 2008 - Planète PME Méditeranée, Marseille, France
This event is the forerunner of the economic summit of Heads of State Held on July 13 in Paris. As such, it enjoys the patronage of President of the Republic.
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From 4 to 6 june 2008 - 6th World Investment Conference (WIC), La Baule, France
"Human creativity in Europe, a lever for growth" will be at the heart of trade officials, European policy makers, experts and journalists.
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From 12 to 13 juin 2008 - The Carthage Investment Forum 2008 , Tunis, Tunisia
The Carthage Investment Forum, organized annually by FIPA-Tunisia under the Ministry of Development and International Cooperation, look forward to seeing you this year at the hotel 'Karthago Palace'.
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17 june 2008 - Mediterranean Industry Days , Marseille, France
A meeting between North African high qualified clients and French companies eager to know new partners, prospective customers and customers, as well as to get information on the business environment and the outlets potentials in Algeria, Morocco and Tunisia.
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