| LEADING NEWS |
MedAlliance Board– the task force serving economic development of the Mediterranean meets in Barcelona
The MedAlliance Board, a task force involving the top representatives of our partners networks (BusinessMed-ANIMA-Eurochambres-ASCAME), meets in Barcelona on April 24, 2009. The objective of this meeting will be to define priorities and recommendations for the Invest in Med program in view of catalysing industrial sectors in the Mediterranean in this context of economic crisis:
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Made in Euromed : Training session for Algerian , Tunisian and German business organization
A four day technical course will gather representatives of the Algerian and Tunisian business organization from April 20 to April 24, in Munich and Berlin.This working session aims to offer an effective platform for intensive exchange of information, experiences, methods and instruments between Maghrebian and German partners
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| BUSINESS OPPORTUNITIES |
Algeria – The construction of the East-West motorway in Algeria should be finished this year
The motorway connecting Annaban and Tlemcen on more than one thousand kilometers, is a strategic investment for the country, a first step towards the construction of the trans-maghreb motorway.
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Egypt – Egypt willing to focus on outsourcing services
Egyptian authorities want to attract more foreign investments in the domestic outsourcing sector, which could generate thousands of new jobs.
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Egypt – Real estate: UAE firm unveils USD 10bn project in Aqaba, Jordan
UAE based firm Al Maabar anounced it will invest USD 10 billion to build a residential and touristic complex in the Red sea city of Aqaba. Expected to start in 2010, it is Jordan's biggest real estate project ever.
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Jordan – Real estate: UAE firm unveils USD 10bn project in Aqaba, Jordan
UAE based firm Al Maabar anounced it will invest USD 10 billion to build a residential and touristic complex in the Red sea city of Aqaba. Expected to start in 2010, it is Jordan's biggest real estate project ever.
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Libya – Libya could open its banking sector to foreign operators
After years of international isolation, Tripoli is now committed to diversify its oil-based economy by attracting global operators in fields once fully owned by the public sector, including banking.
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Morocco – The American insurer Aetna penetrates the market
The health insurance American giant joins BMCI, subsidiary of BNP Paribas in Morocco, and Atlanta, local insurance company, in order to propose a local and international medical cover.
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Tunisia – 2nd world olive oil producer behind the European Union
Over the last ten years, the volume of production of olive oil in Tunisia reached a yearly average of 165,000 tons, that is to say more than 6% of the world production.
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Turkey– The railway projects attract international investors
According to the Turkish ministry of Transport, the modernization of the national rail network represents a market of EUR 15 billion for the ten next years.
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RECENTS INVESTEMENTS IN MEDA
All foreign investments in MEDA available in the MIPO observatory |
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Algeria - Drugs
The group Heber biotic has decided to join in local Saidal’s project to manufacture vaccines against hepatitis B, in partnership with Institut Pasteur.
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Egypt - Transport
The Jordanian-Iraki-Egyptian sea transportation group Arab Jisr Company for Maritime Transport to create a desalination station at Nuweiba port for the pilgrims crossing the Red Sea to Aqaba.
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Israel - Textile
The medical textile group Thuasne to launch an international expansion campaign and open a local distribution subsidiary, its 17th worldwide.
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Jordan - Banks
HSBC Jordan to open a new branch in Amman, in The Atrium tower in the new business district of Abdali.
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Lebanon - Electronics
The mobile communications group Nokia to eventually open in Beirut the regional office announced in 2006, which will cater to Nokia's business in the Levant.
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Malta - Software & IT services
The world's largest software company Microsoft to move to larger offices in Mosta, in view to strengthen its role in the local ICT industry.
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Morocco - Mobile phone
The Kuwaiti consortium (JV 50/50) Zain & Al Ajial Investment Fund will acquire a 31% stake in Wana, Morocco’s third mobile telecom operator, to finance its expansion into GSM services.
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Syria - Catering
The pastry chain Le Duff / Brioche Dorée to continue its expansion through local franchisee Antar, which opens its 4th Brioche Dorée in Carrefour commercial centre in Aleppo.
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Tunisia - Services to companies
The provider of human resource services Adecco, to open its 4th Tunisian office, in Bizerte.
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Turkey - Electronics
The electronic products manufacturer Hon Hai Precision Industry to create with HP a desktop computer plant in the Corlu region, aimed at addressing a growing regional demand.
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| > All foreign investments in MEDA available in the MIPO observatory |
| BUSINESS ENVIRONMENT |
Algeria – Sanofi-Aventis renews its partnership with Saidal
Sanofi-Aventis Algérie relaunches Winthrop Pharma Saidal (WPS), the subsidiary company which it holds in joint-venture with the Algerian manufacturer of credits Saidal, which has 30 % of the capital
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Egypt – FDI: Egypt still a top destination for foreign investors despite global downturn
Egyptian authorities remain confident in the health of the economy, which attracted USD 4bn of FDI on 2008-2009 fiscal year. Despite pressures on tourism and Suez Canal earnings, Egypt's GDP growth is expected to remain above 3% in 2009.
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Israel – Economic revival plan of more than one billion dollar
The central bank of Israel announced on March 10 in Jerusalem the implementation of a revival plan of NIS 4,4 billion (USD 1,1 billion ) to face the world economic crisis.
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Jordan – Jordan remains focused on FDI attraction to pass through global crisis
The Kingdom's first top priority remains the struggle against unemployment and Jordan is committed to implement more business-friendly reforms in order to bring more foreign operators in the country.
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Lebanon – Real Estate: Lebanon's economic champion Solidere looking to expand in the Gulf region
Initially created to reshape downtown Beirut Solidere is now a prosperous company said to hold a sound financial reserve. It considers taking advantage of regional opportunities, including in the UAE's once-booming property sector.
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Libya – Water in the desert: the pharaonic project presented in Istanbul
During the 5th world Forum of the water held in Turkey, Libya detailed its project of extraction and routing of water from the Sahara, of a cost of USD 33 billion.
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Morocco – A stimulating policy company
The meeting " Results of the evaluation of the Charter euro-mediterranean for the company implementation ", that was held on March 4 in Rabat, highlighted the positive initiatives of the country for the company.
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Sirya – Official opening of the transactions in Damas Stock Exchange on March 10, 2009
According to the Syrian official news service SANA, Damas Stock Exchange, which was working in an experimental way since the end of February, has begun its operations on March 10, 2009.
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Tunisia – Signature of the financing agreements for the future airport of Enfidha
At a meeting held in Tunis on February 27, 2009, several financial institutions committed to finance the project of international airport of Enfidha, in the south of Tunis, in the form of long-term loans.
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Turkey – 5th Water World Forum in Istanbul: a major stake for the Mediterranean
Nearly 15,000 participants came from 150 countries during this forum to debate around water consumption, a key issue for the future of the Mediterranean.
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| AGENDA |
From 20 to 24 April 2009 - Made in Euromed I - Made in Germany goes Mediterranean
A four day technical course will involve representatives of the Algerian and Tunisian business organization and will aim to offer an effective platform for intensive exchange of information, experiences, methods and instruments between Maghribian and German partners..
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From 23 to 24 April 2009 – The Med-Tracking Product & Service offer in 2010 – 2013, Marrakech, Morocco
This workshop aims at defining the ouline of a Med-Tracking system from the data and the information collected during a workshop for end-users organised earlier in March 2009. The exchanges are centered on problems linked to the security of the transport of the products (sensitive or illicit product and accidental prevention), to the management and the competitiveness and in the long term to the management and the regulation in the Euro-Mediterranean zone on the basis of a “supply chain” system of identification in real time.
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From 26 to 27 April 2009 – e-3M Alger’2009, Algiers, Algeria
Marseille Innovation and the Ministère de l’Aménagement du Territoire et du Tourisme , in collaboration with the Agence Nationale des Pôles Technologiques in Algeria and their Moroccan and Tunisian partners (Direction des Investissements au Maroc, Technopolis, Casablanca Technopark, Pôle Elgazala-Tunisie and Fipa-Tunisie) organize the Rencontres Méditerranéennes d’Affaires TIC, Télécom & Multimédia, on April 26 and 27 2009 in Alger with 300 participants expected..
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The 27 April 2009- AGROALIMED - Agro Food Workshop: How to Reach European Market, Valencia, Spain
In the framework of EuroAgro Fruit Trade Fair that will be held on 27-29 April 2009 in Valencia, the Chambers of Valencia and Casablanca organize a workshop with 10 Med and 40 EU participants. Debates will focus on EC requirements, regulations, custom controls, foreign trade techniques, international and cooperation opportunities in specific agrofood topics.
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The 28 April 2009- AGROALIMED - Agro Food International B2B, Valencia, Spain
To promote commercial trade and investment between Spanish and Morocco SMEs involved in Agro Food sector, the Chamber of Commerce of Valencia together with Chamber of Commerce of Casablanca will also organise an international business to business event with visits to Technological Institutes, Institutions of the Sector and local companies. The aim of this action is to promote commercial trade and investment between Spanish and Morocco SMEs involved in the Agro Food sector.
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