search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
LATEST INVESTMENTS


AUTOMOTIVEOEM MOVINGTOSOUTHAFRICA Mahindra & Mahindra South Africa, an automobile company and a subsidiary of India-based Mahindra Group, has relocated and expanded to a larger training centre in Centurion, South Africa. It will provide training to internal staff and dealers from across South Africa and neighbouring countries.


BUILDINGMATERIALS STRONGFOUNDATIONS Switzerland-based Sika, a provider of chemicals for the construction industry, has increased its production capacity for concrete admixtures and has started manufacturing epoxy resins at its manufacturing plant in Doha, Qatar.


BUSINESSSERVICES HRFORFRANCOPHONES France-based Grant Alexander, a HR consultancy and services firm, has opened a representative office in Abidjan, Côte d’Ivoire. The office will support the needs for executive recruitment and skills development in French-speaking Africa.


CONSUMERELECTRONICS NEWHEADQUARTERS Khind Middle East, a producer of electrical goods and a subsidiary of Malaysia-based Khind, has expanded its headquarters in Dubai, UAE. It has moved to a larger location at the Jumeirah Lake Towers free economic zone and will serve customers in Africa and the Middle East.


FINANCIALSERVICES CROWDFUNDEREXPANDS Vanuatu-based Solar Group, which uses crowdfunding and partner networks to organise funding for technology start-ups and commercial projects, has opened an office in Burkina Faso.


REALESTATE NEW$4MOFFICE INGHANA Gateway Real Estate Africa, a private real estate development company and a subsidiary of Mauritius-based Grit Real Estate Income Group, is to build a $4m office development at Appolonia City in Greater Accra, Ghana by 2022. The complex will offer both corporate office and retail space to house its headquarters and sales office.


RENEWABLEENERGY MOROCCANWINDFARM InnoVent Maroc, which builds and operates renewable energy facilities and is a subsidiary of France-based InnoVent, has invested $33.8mto open a wind farmin Oualidia, Morocco. The facility has a capacity of 36MW and will provide power to STMicroelectronics for its production site in Bouskoura.


SOFTWARE&ITSERVICES TELAVIVENGINEERINGHUB US-based Comet ML, which develops a meta machine learning platform, is set to open a new engineering hub in Tel Aviv, Israel. The company has also raised $13m in series A funding.


This investment news and data has been provided by fDi Markets, a crossborder investment tracking service that is part of The Financial Times Ltd’s fDi Intelligence division (www.fdiintelligence.com)


STATS


MEAGREENFIELD FDI INTO HOTELS&TOURISMBETWEEN 2015AND2020 BY PROJECT NUMBER


10 20 30 40 50 60 70 80


0 Source: fDi Markets June/July 2021 www.fDiIntelligence.com


MEAGREENFIELDFDI INTO HOTELS&TOURISM BETWEEN2015AND2020 BY CAPEX


0 1 2 3 4 5 6 7 8


Source: fDi Markets 77


MiddleEast &Africa


Viewfromthe


devastating: globally, one billion fewer international arrivals were recorded,


T


putting approximately 120 million jobs at risk. The Middle East and Africa


(MEA) region was hit with 75% fewer arrivals, resulting in gaps in gross domestic product of countries such as the Seychelles, Mauritius and Cape Verde. Those hoping for a quick recovery are seeing a frustrating struggle.Now, most experts expect a realistic recovery by 2023 or later. Thefuture path to ‘pre-pandemic’


times is based on restoring confidence and creating a sustainable and resilient tourism sector. The proposed measures include better intersectoral co-ordination to enhance safety in transportation, better healthcare capacities in tourism destinations, higher Covid-19-testing capacities and preventionmeasures, and increased levels of digitalisation. Further, international collaboration is required to create safe travel corridors and avoid complications in international travel. The sector will be shaped bynewpost-pandemic trends, such as the rise of digital nomads, local tourism and conscious travelling. However, with government


stimulus packages being insufficient or not accessible for smaller companies, funds for micro-deals between contractors and small suppliers fromrural communities are missing, which will eventually lead to poaching in some countries and deforestation and illegal activities in others. It is essential that everyone understands that the future of the tourismsector in theMEAregion, particularly in the developing and underdeveloped countries, does not depend on the recovery in 2023, but on international financial support today.■


Mazdak Rafaty is managing partner of Ludwar International Consultancy and SME advisor to the joint Emirati-German Chamber of Commerce. E-mail: m.rafaty@lic-consulting.com


he tourism industry’s 2020 figures are truly


Project number UAE


SAUDIARABIA MOROCCO EGYPT


OMAN


Capex ($bn) UAE


MOROCCO SAUDIARABIA OMAN EGYPT


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88