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    Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

    $36mln contract for construction of Duqm fisheries complex

    $36mln contract for construction of Duqm fisheries complex

    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

    Local, Italian companies partner up to establish food retail chain in Egypt

    Local, Italian companies partner up to establish food retail chain in Egypt

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      Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

      Egypt’s food industries contribute 24.5% of GDP

      Egypt’s food industries contribute 24.5% of GDP

      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      New study reveals that UAE is most competitive economy in the Arab world

      New study reveals that UAE is most competitive economy in the Arab world

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      • CES 2017
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      Oman Construction Equipment Industry to 2028

      Oman Construction Equipment Industry to 2028

      $36mln contract for construction of Duqm fisheries complex

      $36mln contract for construction of Duqm fisheries complex

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

      Madayn working on major Oman industrial city projects

      Madayn working on major Oman industrial city projects

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Foundation stone laid for new 700-bed hospital is Salalah, Oman

      Iraq set to award new Faw Port deals

      Iraq set to award new Faw Port deals

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        Suez Canal expects US$3.5 billion in revenues in H1

        Suez Canal expects US$3.5 billion in revenues in H1

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        UAE and Egypt’s consortium to buy African renewables firm Lekela Power

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Fitch revises Saudi Aramco’s outlook to positive from stable

        Investments in renewables in Egypt reach LE6 bn: Official

        Investments in renewables in Egypt reach LE6 bn: Official

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

        JGC lands $3.7bn Iraq refinery upgradation project deal

        JGC lands $3.7bn Iraq refinery upgradation project deal

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        • Hospitality

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

          Qatar’s hospitality sector peaks despite turbulent 2020

          Qatar’s hospitality sector peaks despite turbulent 2020

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

          Staycations to stimulate Qatar’s hospitality sector

          Staycations to stimulate Qatar’s hospitality sector

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        • Agrofood
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          • Agriculture
          • Environment
          • Food

          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics

            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Trending Tags

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              Construction tops total investments in Africa

              Africa Investment Report

              August 16, 2017
              in Uncategorized
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              According to Africa Investment Report, investors are finding new, innovative and productive ways to engage with Africa.

              While the US remains the most prolific investor into Africa, for the first time since 2003, China has surpassed it in terms of the amount of capital it is pouring into the region. This is an important but unsurprising development. China has spent the past decade actively forging closer economic and political ties with Africa.

              China’s rise to the top spot in terms of greenfield FDI into Africa comes because its investors have excelled in the areas that took the lion’s share of overall investment into the region in 2016: notably, construction and real estate.

              Similarly, the number of new FDI projects launched in Africa has fallen, total capital invested rose by 40%. This may in part reflect some recovery in energy and mining prices globally, after being battered in 2015, but we are also seeing an acceleration of capital flowing into other types of investments, with construction and real estate leading the way.

              Actually, foreign investors are gradually diversifying their interests away from traditional energy and extractives sectors. Doubtless they see an opportunity to house and serve Africa’s rapidly growing and fast urbanizing populations.

              Some investors might be wary of Africa’s overall GDP growth of 2.2% for 2016 – which falls below the world average. Growth is clearly slowing from the heights of the commodity supercycle that wound down in 2014-2015. However the story told by the regional GDP average is disproportionately impacted by poor performance in two of the region’s largest economies, Nigeria and South Africa.

              Both have flirted with if not fallen into recession over the past two years, partly due to the rout in prices of their biggest exports but also to poor policy decisions and political discord. This is not the full story. Others including Ethiopia, Côte D’Ivoire, Tanzania and Senegal have all grown well above 6% through the same period.

              The single most important reason to be bullish on Africa’s prospects in the 21st century, is that Africa’s urban population is expanding by 15 million a year, according to the UN. That is how many people live in greater New York, Los Angeles and Chicago combined. No region’s cities are growing faster.

              US commerce secretary Wilbur Ross says investors are encouraged by the sight of “cranes dotting the skylines” of Africa’s cities, and he is right. Global private equity and sovereign wealth funds – along with home-grown investors – are pouring billions of dollars into business and industrial parks, retail complexes, logistics facilities and housing across the continent.

              An encouraging example is BlackIvy, a US permanent capital company, which is developing much needed residential communities and an industrial park in Ghana as well as a cold chain logistics platform in Tanzania.

              It is true that sub-Saharan Africa’s GDP growth is well off the pace from what it averaged during what Mr Collier has called the “benevolent decade”. During the early 2000s, debt relief, buoyant oil prices and surging Chinese demand for raw materials combined to push the region- wide average to not far shy of 6%, the Great Recession of 2008-2009 notwithstanding.

              A modest recovery to 2.2% is projected by the IMF for this year – from 1.4% in 2016. These comparatively low headline figures are hardly nourishing the “Africa Rising” narrative.

              However, highly aggregated numbers often hide more than they reveal. Africa is not one country. Economies like Nigeria and Angola that have come to rely excessively on oil exports may be hurting.

              Others like Kenya, Tanzania, Uganda and Rwanda in the east and Senegal and Côte d’Ivoire in the west, are growing at more than respectable rates. Indeed, those same IMF projections have Ghana – fresh off its seventh consecutive peaceful election since independence – projected as the third-fastest growing market in the world in 2018 at 9.2%.
               
              Most encouraging is that Africa now has a partner with the resources, motivation and will to finance the infrastructure needed to connect and power the continent and its cities.

              That partner is China, whose government, state-owned and private businesses and entrepreneurs now see Africa not just as a source of raw materials, but, much more importantly, as a vast new market and low-cost manufacturing base for
              Chinese products.

              For this to be Africa’s century, African economies must be connected and diversified.
               
              Key figures
              ■ While the number of FDI projects into Africa fell by 16% to 602 in 2016, capital investment increased by 40% to $92.3bn
              ■ Real estate was the top sector by capital investment in 2016, accounting for $36.5bn (or 40%) of announced FDI in the region
              ■ Construction was the top business activity by capital investment, accounting for 40% of FDI. Combined, construction and manufacturing accounted for almost two-thirds of total capital investment
              ■ In total, 470 companies invested in the region, a fall of 7% on 2015
              ■ FDI into Africa accounted for 12% of global FDI in 2016, with project numbers accounting for 5%
              ■ China became the largest investor in Africa by capital expenditure for the first time since fDi Markets records began in 2003, while the US remains the most prolific investor by number of projects

              Africa Investment Report

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