The Mediterranean between growth and revolution - Foreign direct investments and partnerships in MED countries in 2010

Country: Algeria, Others countries, Cyprus, Egypt, Euromed, Israel, Jordan, Lebanon, Libya, Malta, Morocco, Palestine, Syria, Tunisia, Turkey
Activity: Agribusiness, Furnishing and houseware, Other or not specified, Bank, insurance, other financial services, Biotechnologies, Public works, real estate, infrastructure, Chemistry, plasturgy, fertilizers, Electronic components, Car manufacturers or suppliers, Distribution, Water, environment and utilities, Electronic ware, Conventional Energy, Electric, electronic & medical hardware, Consulting and services to companies, Data processing & software, Mechanics and machinery, Aeronautical, naval & railway equipment, Drugs, Metallurgy & recycling of metals, Telecom & internet, Textile, clothing, luxury, Tourism, catering, Transport, logistics, Glass, cement, minerals, wood, paper

Caught between two crises (the world economic storm of the 2008-2009 and the Arab revolutions of early 2011), in 2010 the southern rim of the Mediterranean experienced a transition year marked by good achievements in terms of foreign direct investment (FDI) attraction and international partnerships. 826 FDI projects of were announced in 2010, against 542 in 2009, that is +52%. The increase is less marked in terms of amounts: €33.2 billion against €28.4 billion in 2009, that is +17%. The international partnerships of companies continue for their part their increase: 493 projects in 2010, against 288 in 2009 (+71%). In 2010, the FDI created nearly 175 000 direct jobs (against 93 000 in 2009), and approximately 585 000 indirect jobs, that is more than 750 000 jobs on the whole.

 

In spite of these strong achievements, the model of development of the Mediterranean countries partners of Europe appears disputed, through the changes in progress in particular in North Africa (Tunisia, Egypt, Libya): the dividends of the economic liberalisation hardly profit the whole population and are accompanied by adverse effects (strong concentration of the FDI on certain spaces, reduced local value added, sometimes negative impact on the environment or the culture, ousting of certain domestic companies to the profit of foreign operators etc). A model of development creating even more jobs, reinforcing the local industrial fabric, giving more importance to the initiatives of the South, better respecting social responsibility criteria, developing all the territory and population, still largely remains to be built…


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