# Foreign Investment in African Countries: Career Opportunities Report

## Executive Summary

This report provides an overview of foreign investment trends in Africa, highlighting key opportunities for business administration graduates.

Africa's growing economy and improving business environment have made it an increasingly attractive destination for international investors.

## Investment Trends and Figures

### Overall Investment Climate
Africa has experienced significant growth in foreign direct investment (FDI) in recent years.

In 2022, FDI flows to Africa reached $56 billion, representing a 12% increase from the previous year.

The United Nations Economic Commission for Africa projects that FDI to the continent will continue growing at an average rate of 7-10% annually through 2025.

### Geographical Distribution
Foreign investment in Africa is concentrated in several key regions:
- **West Africa**: Led by Nigeria, Ghana, and Côte d'Ivoire, accounting for approximately 35% of total FDI
- **East Africa**:

# Foreign Investment in African Countries: Career Opportunities Report

## Executive Summary

This report provides an overview of foreign investment trends in Africa, highlighting key opportunities for business administration graduates.

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Content: The ICGF of Azerbaijan will send 92 thousand manats for the audit of financial statements for 2021-23.
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John Travolta plans to visit the jubilee of the wife of the People ’ s Artist of Azerbaijan (PHOTO)
Media of Turkic Council member states and observers visit Shusha
In Georgia entered into force a number of benefits on mortgage loans
Azerbaijan changes import rules from 23 countries (PHOTOS)
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AzerGold CJSC increased export of products by more than 43%
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The ICGF of Azerbaijan will send 92 thousand manats for the audit of financial statements for 2021-23.
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Content: Stories
Congo, Iraq, Uganda and Bangladesh show unexpected growth in investments in start-ups
Stories
Elena Likhanova
Senior Editor RB.RU
Elena Likhanova
In the vast majority of cases, funded startups are grouped in countries that are easy to do business.
They are rarely seen in regions where it is difficult to start new businesses.
And that ’ s why it ’ s so interesting to find that in a place like this, startup funding can grow.
The Crunchbase platform studied such locations and shared unexpected conclusions.
Congo, Iraq, Uganda and Bangladesh show unexpected growth in investments in start-ups
It turns out that seed and venture capital investments cover more and more corners of the globe.
For simplicity, four countries were chosen that have never been the centers of attraction for startups, but are seeing a sharp increase in funding.
For this purpose, the World Bank rating of 190 best and worst countries for doing business and Crunchbase data were used.
Democratic Republic of the Congo
It is the largest country in sub-Saharan Africa, home to about 108 million people.
It is a country with a tragic colonial history that has spent several turbulent decades under the leadership of strong leaders.
Despite the fact that this country is huge and rich in natural resources, it has never been easy to make a living or build a business here.
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But Congo is too big a territory for startups to ignore completely.
According to Crunchbase, local startups have received about $10.4 million in investments since 2021.
While these numbers don ’ t look as impressive, it ’ s a leap from previous years.
Thus, according to Crunchbase, for the decade from 2010 to 2020, Congolese companies attracted only $1.2 million of pre-seed investments.
One of the largest recipients of funding in recent years is Altech Group, a supplier of solar energy and eco-friendly cookstoves.
The company raised $1.5 million in equity financing with the support of social investor SIMA Funds, as well as $7.1 million in debt financing.
Another $37.5 million this year went to Jambo, an African Web3 superapp whose founders were born in Congo.
In May, the company closed a $30 million round led by investment company Paradigm, focused on cryptocurrencies.
It is unclear if Jambo is also present in the Congo.
Iraq
Iraq is hardly the center of technological start-ups.
According to Crunchbase, from 2010 to 2020, local projects received about $2 million in venture and seed funding.
Recently, however, the situation has been gaining momentum.
Since 2021, startups from Baghdad have raised at least $13.7 million in equity funding.
There is even a special fund, Iraq Tech Ventures, which says it focuses on “diversifying Iraq ’ s economy from oil to more sustainable sectors such as technology. ”
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Most recently, the most significant funding went to Bely, an app to call a taxi from Baghdad, closing the $10.5 million round.
Food delivery startup Alsaree3 raised $3.2 million
Uganda
Uganda ’ s population is said to be the youngest in the world, with an estimated 45% of its inhabitants under the age of 15.
Only 2% of people in this country are over 65 years old.
Apparently, part of this youthful energy is being translated into startups.
Crunchbase notes that since 2021, at least 20 startups from Uganda have raised seed, venture or debt financing and collectively raised more than $40 million.
For comparison, over the entire decade from 2010 to 2020, Ugandan startups received less than half of that amount.
The most famous of the local projects is Tugende, a startup from Kampala that offers financing and services for small businesses and sole proprietors who want to own income-generating assets such as motorcycles and cars.
According to Crunchbase, Tugende has raised $22 million in equity financing and $27 million in debt financing to date.
In June, the company also announced an undisclosed size round.
And in March, telemedicine solution provider Rocket Health Africa closed a $5 million Series A round.
The company, based in Kampala, offers medical consultations on a smartphone, collection of laboratory samples and delivery of medicines.
Bangladesh
With a population of 170 million people, Bangladesh is the eighth most populous country on Earth.
However, in terms of land area, Bangladesh ranks 94th, which means that it is also one of the most densely populated countries in the world.
Despite geographical difficulties, the natives of the country are industrious, which over the past decade has allowed it to become one of the fastest growing economies in the world.
This has led to a sharp rise in investment in start-ups, many of which create goods and services for consumers and businesses in the domestic market, as well as export-oriented businesses.
Crunchbase has data on nearly 100 rounds of different stages involving startups from Bangladesh that have closed since last year, collectively raising more than $230 million.
Most of that money went to one company: Dhaka based ShopUp, a small business B2B trading platform that raised more than $200 million in venture capital investments.
Other major rounds are dominated by e-commerce, logistics and delivery.
Source.
Cover photo: GR.Stocks / Shutterstock
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Aboul Gheit Inaugurates Regional Session for Investment in Arab Countries
The Secretary-General of the League of Arab States, Ahmed Aboul Gheit, participated today, Tuesday, May 9, 2023, in the opening of the Regional Session for Investment in the Arab States, within the activities of the 12th session of the Annual Investment Forum, which is hosted by the city of Abu Dhabi during the period from May 8 to 10, 2023.
Jamal Rushdie, spokesman for the Secretary-General, said that Aboul Gheit praised at the beginning of his speech the fruitful cooperation between the General Secretariat of the League, the Union of Arab Chambers and UNIDO, pointing to the importance of the session in discussing the reality of investment and opportunities in the Arab region.
Aboul Gheit pointed out that the crises in the region since 2011 have led to a decline in the value of inbound capital, pointing out that the inter-Arab investments constitute from 16 to 20% of the total inbound investments to Arab countries.
The Secretary-General pointed out that there are positive indicators that augur well for the improvement of the investment situation in the Arab region in light of the stability of the credit ratings of most Arab countries after the COVID-19 pandemic and even the improvement of the investment climate in some of them.
Regarding the efforts of the League of Arab States in the field of investment promotion, Abul Gheit referred to the Arab agreement to encourage the movement of capital prepared by the League of Arab States, noting that the text of an updated agreement is currently being prepared to accommodate recent economic developments.
In the same context, he added that the Greater Arab Free Trade Area has contributed significantly to the promotion of inter-Arab trade and investment.

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Is the African continent emerging from the external debt trap?
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2023.
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Is the African continent emerging from the trap of external debt?, a question that is frequently asked in the economic circles and its discussions have become a fatty substance on the table of analysts and experts, especially since the prospects for the ability of African countries to bear debt are still unclear, according to statements recently made by Andrew Dabalin, chief economist for the Africa region at the World Bank.
According to the World Bank, nearly half of sub-Saharan Africa ’ s countries are in default or at high risk of default this year, while inflation is expected to be double-digit across much of the continent with a growth rate of 3.1 percent in 2023.
The debt of African countries is estimated at $1 trillion in 2022, doubling five times since 2000, 66 percent of the debt is concentrated in nine countries, led by South Africa, while 22 countries are unable to meet their financial obligations to creditors, according to the International Monetary Fund, which pointed out that debt installments of about $100 billion annually strained the budgets of many countries and cut more than 15 percent of GDP.
Domestic resource gap
The main reason for resorting to external debt and borrowing is the gap between the investment rate required to achieve the target growth rate and the domestic savings rate, pointing to the expansion of the public debt of Africa, where the debt levels in middle-income countries reached unprecedented levels in modern history, as global debt rose to 28 percent of GDP in 2020. Increased government spending in response to the coronavirus outbreak and loss of revenue due to economic recession.
Stifling investment and undermining growth
Of the total external debt of the African continent, for example, South Africa owns 15 percent, Egypt 13 percent, Angola 7 percent, Morocco and Sudan 6 percent each, while Tunisia, Kenya and Zambia each own 4 percent. Public finances in highly leveraged countries such as Angola, Sudan, Tunisia, and Zambia ranked uncomfortably high in a longer list of countries including Cameroon, Chad, Djibouti, Ghana, Mauritania, Mozambique, and Senegal.
“The heavy debt burden on public finances will continue to undermine the ability to channel funds into economic and social development projects and undermine the resilience to external shocks. ”
But what is the level of external debt that has a negative impact on economic growth?
“External debt can be beneficial if it reduces liquidity constraints, provides an additional source of financing for development and meets the needs of the necessary infrastructure for growth, but external debt affects growth by reducing capital accumulation, which leads investors to lower their expectations of returns due to their expectation of higher tax rates, and also constrains African economic growth by reducing the productivity of production elements because African countries are less willing to adopt more expensive policies. ” Finally, economic growth is negatively affected indirectly through the impact on public spending on social services, education and health, in addition to weak exports, weak savings mobilization, and high inflation as African countries begin to pay off their external debt service.
Safe Limits of External Debt
A high external debt stock can have a negative impact on economic growth through a negative impact on private investment due to the expectation that governments may increase taxes in the future to service debt, so foreign and domestic investors will refrain from investing in debtor countries, leading to lower economic growth, according to Dr. El Shennawi, who explained that the safe limit for external debt is 150 percent of GDP. If the state wants more hedging, the safe limits of debt can be considered to be in the range of 100 percent.
Economic expert Dr. El Shennawi proposes a scenario to get rid of Africa ’ s external debt trap according to four axes:
Public debt is unavoidable
It is not possible to imagine a situation in which any state or government can run its operations without debt, and in estimating this inevitability, the questions that must be asked while seeking to dismantle this structure are, where does religion come from, how is it used, and what are the terms associated with it?
The source of the use and justification of religion are therefore crucial considerations.
• Capital controls
The ultimate goal of the Bretton Woods institutions was, and remains, to protect the interests of international companies by ensuring that African economies offer investor-friendly environments, that African economies are characterized by low wages and consistently low labor costs, and that African economies do not maintain capital controls, so that capital inflows and outflows remain easy.
It also does so by anchoring export-oriented growth strategies even in economies that are unable to produce and export adequately, exacerbating their balance of payments.
• Debt crisis cannot be avoided without focusing on growth
As long as policymakers put the importance of growth aside, we must forget Africa ’ s ability to emerge from the debt crisis.
Yet despite this fact, “neoliberalism ” (an ideological ideology based on economic liberalism) systematically creates a framework that makes it impossible for African governments to focus on growth.
Dismantling the neoliberal model
The focus of neoliberal policy reforms is inappropriate for Africa because of the same initial arguments that African governments have used in order to pursue mixed economies — economies in which the government plays a leading role, not only as a arbiter but also in facilitating and even leading the expansion of productive capacities.
Desperate move to restore macroeconomics
Economist Ali Hamoudi told Sky News Arabia: “African countries have faced financial difficulties for many years, and with the accumulation of debt on some African economies due to increased borrowing amid unexpected domestic expenditures, African countries resorted to default on their external debt or threatened to default in a desperate move to restore macroeconomic and debt sustainability.
As an example in 2021, six countries – Chad, Eritrea, Mozambique, the Republic of Congo, South Sudan and Zimbabwe – were classified as having distressed debt as African governments issued a record $7.5 billion in sovereign bonds, 10 times more than in 2016, and the IMF changed Zambia and Ethiopia ’ s ratings from moderate to high risk.
This year, with rising global inflation, rising borrowing rates, and a strong dollar, paying off debt and generating money has become more difficult, making the situation very complicated in a number of countries such as Ghana, Malawi, Zambia, Tunisia and Egypt, according to Hamoudi.
Economist Hamoudi adds: “I am not surprised to see some African countries default on their external debt, most of these African countries have high debt ratios relative to GDP, and spend a larger proportion of their revenues on debt service financing, which is not sustainable, and it is expected that they will reach a point of imbalance that will make it impossible to pay their debts. ”
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Financially facilitating extra-ordinary businesses to participate in the Economic Boom of West Africa

Barika and Kraft, Dubai based financier talks about unprecedented opportunities that businesses face during the economic prosperity of the West African Region.

“Across our corporate base globally the interest in Africa is high and growing, and I would say it is about the level that it was in Asia 30 years ago.”
— Dominic Barton, global managing director of McKinsey & Company
DUBAI, UNITED ARAB EMIRATES, August 18, 2022 /EINPresswire.com/ -- As West Africa’s population booms, its economy continues to expand, the opportunities for businesses to trade across the region are vast. The rising need economy has presented various opportunities across all industries in West Africa. Previously an agriculturally driven economy is now facing a transition. Majority of the newly established businesses are catering the growing needs of the people of west Africa, which include industries such as Hospitality, Healthcare and Banking.

One of the catalysts and driving forces for this economic can be seen from active participation of the West Africa Trade & Investment Hub (Trade Hub, which is a 5-year, $140 million trade and investment facilitation activity designed to improve private sector productivity, profitability, and competitiveness in West Africa through market-based approaches. The West Africa Trade and Investment Hub is a one-stop shop that partners with banks/financial institutions to provide financial support and business development services, capacity building, and best practices with the aim of making businesses viable and export ready, through the African Growth Opportunity Act (AGOA).

One of the largest economies in West Africa, Nigeria has seen significant surge in Energy usage. The government has been looking at alternate sources of energy such as Solar & Waste-to-Energy plants which has led to the inception of green power projects across the region. Barika and Kraft has been actively participating in this sector with a multitude of projects securing Seed-funding under the patronage of Barika and Kraft.

Apart from Nigeria, another nation observing a significant spike in economic prosperity is Ghana. Consumer expenditure has seen a large growth which is an early sign of nation-wide development. This west African nation is seeing a remarkable growth in exports as their dominant industry being Agriculture has undergone immense technological advancements which has benefited local farms to increase their yields. A lot of entrepreneurs are capturing the opportunity of being the first mover to establish/grow their presence in Ghana and Barika and Kraft has been actively reviewing opportunities of participation.

A representative from Barika and Kraft has informed us that there are a magnitude of projects currently being presented on a daily basis. Barika and Kraft focus on sourcing financial resources to the best of the projects that present their competence. Current projects that Barika and Kraft participate in include Green Energy, Hospitality, Fin-Tech, and Agriculture.

Barika and Kraft is a Dubai-based company providing financing services to global clients. More information is available by visiting its website at www.barika-kraft.com or email: info@barika-kraft.com

VALERY GARCIA
BARIKA AND KRAFT
vg@barika-kraft.com
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Content: Art & Celebrity
Egyptian startups reap the largest number of investment deals in Africa
Egypt ranked first on the African continent in terms of the number of investment and financing deals in Egyptian startups during 2021, according to the report "Venture Investment in Egypt" issued recently by the platform "Magnit" specialized in data financing startups, in cooperation with the Information Technology Industry Development Authority.
The report pointed out that the Egyptian companies succeeded in raising financing deals worth $491 million through 147 deals concluded during 2021, representing a new record for the volume of investment capital in the startup sector in Egypt, with an annual growth rate of 168% compared to last year.
The report also stated that Egypt ranked third in terms of the total value of investments in startups in the African continent, with its startups accounting for 18% of the total capital invested in the continent during 2021.
The report also compared the performance of startups in the Middle East and North Africa in the same year, with Egypt ranked second in terms of the number of investment deals directed to startups in the region, accounting for 24% of the total number of deals in the region, while Egypt ranked third in terms of the total value of investments in startups in the Middle East and North Africa.
The report highlighted the indicators of the recovery of the startup sector in Egypt from the repercussions of the pandemic, which contributed to the decline in the number of deals in 2020, and then Egypt to witness a growth during 2021 in the number of deals, which reached 26%, as well as an increase in the number of investors to reach 124 investors, which is also unprecedented.
The Egyptian state pays attention to the innovation-based entrepreneurship sector, and the boom witnessed by the technology startups sector in Egypt is a result of the spread of entrepreneurial and innovative thinking among young people in the Egyptian society, in light of the growth of the number and quality of investors, and the expansion of the network of co-working spaces, creative communities, technology incubators and innovation centers in Egypt throughout the country.
The strategy is based on four main pillars: enhancing the business environment of startups and developing their growth factors, facilitating access to finance and investments, developing technical skills and increasing the number of professionals to facilitate access to them, creating a climate conducive to the growth of innovation and entrepreneurship, and facilitating the penetration of global markets through an international promotion and marketing plan.
The report highlights Egypt ’ s position as a leading ecosystem for startups in the Middle East and Africa, and its record rise in the volume of investments, which confirms the market maturity witnessed by the country.
Egypt achieved a record number of investors, growing by 68% year-on-year, reflecting the growing interest and attraction of foreign investors from across the region and international markets.
The report identified the proportion of foreign investors (investors from outside the MENA region) in Egyptian startups at 51% and 63 investors, while the proportion of foreign investors (non-Egyptian investors from within and outside the region) in Egyptian startups at 77%, which is the highest in the region, reflecting the confidence of foreign investors and global venture capital funds in the Egyptian entrepreneurship and technology startups climate.
Fintech led the deal activity, accounting for 17% of the total number of deals in Egypt in 2021, in line with the general approach in the Middle East and North Africa.
The fintech sector accounted for the largest share of 18% of the total number of VC investment deals in the past year.
The transportation and logistics sector accounted for more than a third, about 36% of the total capital invested in Egypt ’ s start-ups in 2021.
The financial technology sector recorded 25 deals, e-commerce 23 deals, transport and logistics 15 deals, healthcare 12 deals and food and beverage 11 deals, the highest sectors for the number of deals concluded in 2021 respectively.
Sectors ranked in terms of investment value as follows: transportation and logistics $177 million, e-commerce $96 million, fintech $60 million, retail $42 million, and food and beverage $38 million.
We have presented to you our esteemed visitors the most important details about the news of Egyptian startups winning the largest number of investment deals in Africa on the Gulf Dot in this article and we hope to provide you with all the details clearly and with more credibility and transparency and if you want to follow more news you can subscribe with us for free through our alerts system on your browser or by joining the mailing list and we will provide you with all that is new.
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Africa's growing economy and improving business environment have made it an increasingly attractive destination for international investors.

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Content: Three major trends in the global economy
The world economy has undergone serious tests over the past two years: the coronavirus pandemic, problems with the production and supply of goods around the world, falling consumer demand, and then its growth and high inflation.
Analitics
Jan. 24, 2022, 12: 52 p.m.
The world economy has gone through serious tests over the past two years: the coronavirus pandemic, problems with the production and supply of goods around the world, falling consumer demand, and then its growth and high inflation.
Not all the problems of 2020-2021 were solved, but they laid the foundation for the formation of trends in 2022.
Decreasing the pace of global recovery
The global economy continues to recover, but the pace may slow in 2022.
This is due to the spread of a new strain of coronavirus (omicron), as well as the curtailment of fiscal support programs in various countries and growing inflation.
According to the World Bank, the growth of the world economy in 2021 was 5.5% after a decline of 3.4% in 2020.
In the future, we expect a slowdown in growth rates - to 4.1% in 2022 and 3.2% in 2023.
Analysts of the bank expect that the growth rates of economies will return to the average pre-pandemic indicators.
At the same time, in developed countries they will be higher than before, and in developing countries - lower.
In the case of Azerbaijan, the growth rate will exceed the average of the last decade - 3.1% for 2022 and 2.7% for 2023.
In 2021, the Azerbaijani economy showed good results.
The growth at the end of the year was 5.6%, the non-oil economy grew by 7.2%, and the non-oil industry by 18.9%.
Data for 12 months are not available, but the figures of January-November can be used to judge a significant increase in trade, including exports.
Non-oil exports alone reached a historic $2.4 billion.
However, not all sectors were able to recover - tourism has not yet returned to pre-pandemic indicators.
Despite the general growth in industry, production and processing are still at low levels in some industries.
In the logistics and transport market, there was also a decline.
However, in 2022, problems with global sales chains, if not completely solved, will at least be minimized.
Ports in the US, Europe and Asian countries, overloaded amid the suspension of activities due to coronavirus outbreaks, are gradually returning to normal operation.
Export-oriented Asian countries - Thailand, Vietnam, Malaysia and others - have already been able to vaccinate a sufficiently large number of the population, which makes it unlikely that another downtime at the factories.
Digitalization of the economy and technology development
Digital currency - one of the most discussed topics last year - will reach a different level in 2022.
The National Bank of China launched an e-wallet for the “digital yuan ” this year.
Local IT giants will help expand its reach, and a recent joint venture with the global interbank information and payment system SWIFT suggests that the “digital yuan ” may become a transnational currency.
Similar studies are conducted in Canada, Turkey, Sweden, Russia and many other countries.
Some states, such as China, have already started using the digital currency, and Russia will begin its first tests this year.
Azerbaijan has also joined this trend.
In the middle of last year, Chairman of the Central Bank of Azerbaijan Elman Rustamov noted that the regulator is conducting research in connection with the introduction of the digital manat and regularly discusses this issue with the Central Bank of Turkey.
He stressed that the digital currency will be a serious component of the digital economy.
In other words, this trend has also found a serious response in Azerbaijan.
The exact timing is not yet known, but it is possible that this year we will hear new details of the CBA research.
Digital currency is only part of the process of transition to online, which is observed all over the world.
The COVID-19 pandemic showed how important advanced technologies such as blockchain are for the work of government agencies and private companies.
Back in 2020, when the coronavirus began to spread around the world, causing problems in the work of state bodies (hospitals, schools, etc.), in one country - Estonia - the government was able to quickly organize the smooth work of departments.
Online classes, digital learning materials and a huge range of public services that are available online - all this in Estonia was before the pandemic.
Some government services were rendered in the same mode because they were already online.
Others quickly adapted to the new situation, because the country has invested in the development of digital technologies for years.
Many services in the country operate on the basis of blockchain technologies.
Today, research in this area is widely carried out all over the world, including in Azerbaijan.
According to International Data Corporation, investments in blockchain-based services and services are increasing exponentially every year.
If in 2017, less than 1 billion US dollars were invested for these purposes around the world, then in 2021 investments should amount to (final data are not yet available) 6.6 billion US dollars, and by 2024 to reach 19 billion US dollars.
However, digital technology does not always mean good.
Due to quarantine measures, companies and government agencies around the world have moved their employees to remote work.
On the one hand, this contributed to the emergence of new services and technologies, but on the other hand, it led to the fact that people began to work more.
A survey by recruiting company Robert Half showed that about 70% of people who work remotely began to work on weekends, 45% began to work more than 8 hours on weekdays.
According to The Guardian, working hours in Europe have increased by an average of 2 hours.
It is not that the volume of work increased - being at home, people began to hurry less.
Previously, economists believed that the development of digital technologies and automation of processes will reduce the time of employees, but new research shows that due to the coronavirus pandemic, the process went in the opposite direction.
Fight against rising prices
Another trend in the global economy, which began against the background of the coronavirus pandemic and reached a new round in the second half of 2021, is high inflation.
In the US, annual inflation reached a maximum of the last 40 years - 7%, in the Eurozone - 5% (a record of 31 years).
Inflation in Turkey at the maximum for 19 years at 36.08%, in Italy - 1.9% (a record of 10 years), in the UK - 5.4% (a record of 30 years), in Germany - 5.3% (a record of 30 years), in the Czech Republic - 6.6% (a record of 13 years), in Russia - 8.4% (a record of 7 years), in Kazakhstan - 8.4% (a record of 6 years), in Ukraine - 10% (record 5 years), industrial inflation in Ukraine reached 62.2% (record 26 years).
In 2021, the FAO Food Price Index reached the highest level in the last 10 years - 133.7 points.
According to the World Bank, last year inflation in many countries of the world reached a 10-year high.
Eighty per cent of emerging markets have experienced a sharp spike in inflation over the past few months, and a third have experienced double-digit inflation.
At the same time, the price increase may continue in 2023.
Many countries have begun to curtail incentive programmes and financial support measures as part of their efforts to combat rising prices.
In Azerbaijan, according to the results of 2021, inflation amounted to 6.7% - the highest figure since 2017, when 12.9% was recorded (data from the State Statistics Committee).
In order to prevent further price increases (mainly food products), the Cabinet of Ministers of Azerbaijan adopted 6 basic principles: emphasis on local production of food products, production subsidies, liberalization of food prices, prevention of artificial overpricing, ensuring margins for business and subsidies based on results.
In recent years, the Government has taken major steps to meet the country's basic agricultural and food needs.
For example, 90 per cent of the demand for beef comes from domestic resources, 100 per cent for lamb and eggs, more than 80 per cent for dairy and chicken products, 81.7 per cent for fish products, 90.6 per cent for potatoes, 110.4 per cent for vegetables, 131 per cent for tomatoes, 116.3 per cent for fruits and berries, and 116.3 per cent for walnuts and hazelnuts. by 138 per cent, edible salt by 111.4 per cent, carbonated and mineral water by 90-95 per cent, cheeses by 88.1 per cent, fruit juices by 130.5 per cent, etc.
There are some difficulties with wheat.
About three million tons of wheat are consumed annually in the country, but production volumes are 2 million.
Due to suitable for sowing land in the territories liberated from occupation, it will be possible to produce an additional 200 thousand tons of wheat, but this still does not cover the entire demand.
As another measure to ensure food security, we can mention the documents signed on January 14 within the framework of the visit of Azerbaijani President Ilham Aliyev to Kiev.
As the Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko recently reported in an interview with AzTV, both countries have already created a profile working group.
The deepening of cooperation in the field of agriculture and the issues arising from the signed documents are planned to be discussed during his visit to Baku this year.
Azad Hasanli, analyst
English version 3 main trends in global economy
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Home / All news / Calendar of publications of macroeconomic indicators of leading countries for the next week
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August 20, 2021 17: 15
Calendar of publications of macroeconomic indicators of leading countries for the next week
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August 20.
FINMARKET.RU - The following macroeconomic indicators are expected to be published during the next week from 23.08 to 29.08
Date Time Publication Period
23.08.2021 17: 00 Preliminary assessment of the consumer confidence index in the euro area August 2021
23.08.2021 17: 00 Sales of houses in the secondary housing market of the USA July 2021
24.08.2021 09: 00 German GDP Change Q2 2021
24.08.2021 17: 00 Sales of houses in the primary housing market of the USA July 2021
25.08.2021 11: 00 Ifo Institute German Economic Confidence Index August 2021
25.08.2021 15: 30 Preliminary data on the volume of orders for durable goods in the United States July 2021
25.08.2021 17: 30 US Department of Energy data on oil, gasoline and distillates reserves in the country August 14-20
26.08.2021 09: 45 Index of business confidence in the French economy August 2021
26.08.2021 11: 00 Monetary Supply Change in the Eurozone July 2021
26.08.2021 11: 00 Volume of industrial orders in Italy June 2021
26.08.2021 15: 30 Applications for unemployment benefits in the United States From 08 to 14 August
26.08.2021 15: 30 Revised preliminary estimate of US GDP Q2 2021
26.08.2021 15: 30 Number of recipients of unemployment benefits in the United States From 01 to 07 August
27.08.2021 09: 45 Index of consumer confidence in the French economy August 2021
27.08.2021 11: 00 Index of consumer confidence in the Italian economy August 2021
27.08.2021 15: 30 Changes in expenditures and incomes of the US population July 2021
27.08.2021 15: 30 Preliminary data on stocks in US wholesale warehouses July 2021
27.08.2021 15: 30 Producer prices in Canada July 2021
27.08.2021 17: 00 University of Michigan Consumer Confidence Index August 2021
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August 20, 2021 19: 45
The capitalization of the Russian stock market, calculated on the basis of weighted average prices on the Moscow Stock Exchange in the Main Market sector, on Friday amounted to 60243.383 billion rubles, down from the close of the previous trading day by 154.611 billion rubles, or...
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August 20, 2021 19: 15
The weighted average exchange rate of the US dollar with the settlement term "tomorrow" following the results of trading of the Moscow Exchange increased by 2416 points (1 point corresponds to 0.01 kopecks) and amounted to 74,4085 rubles.
The minimum US dollar exchange rate was 74,1075 rubles, the maximum - 74,595 rubles.
It was... read more
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August 20, 2021 19: 15
The weighted average rate of the euro with the settlement period "tomorrow" following the results of trading of the Moscow Exchange increased by 1989 points (1 point corresponds to 0.01 kopecks) and amounted to 86.9024 rubles.
The minimum euro exchange rate was 86,5975 rubles, the maximum - 87,08 rubles.
There are 4671... read more
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August 20, 2021 19: 15
The weighted average rate of the yuan with the settlement period "tomorrow" following the results of trading of the Moscow Exchange increased by 221 points (1 point corresponds to 0.01 kopecks) and amounted to 11.4366 rubles.
The minimum yuan exchange rate was 11.39 rubles, the maximum - 11.4673 rubles.
There were 460 transactions... read more
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August 20, 2021 18: 58
The Russian stock market, which began trading on a positive, ended Friday with a decline.
European stock indices showed a minor mood in the morning, but adjusted for an increase in the afternoon.
Asian stock markets closed in the negative, the Hong Kong index entered the... read more
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August 20, 2021 18: 51
The Bank of Russia approved in the new edition of the basic standard for the protection of the rights and interests of clients of brokers, which establishes the procedure for testing unqualified investors before transactions with complex financial instruments, the regulator said.
Rules... read more
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August 20, 2021 18: 44
Russian companies hired law firms Sidley Austin and the Law Office of Neil Ellis to participate in the US investigation of the compliance of the Russian economy with market status, several sources familiar with the situation told Interfax.
According to the agency, these... read more
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August 20, 2021 18: 36
Russian President Vladimir Putin said on Friday that over the years of working with German Chancellor Angela Merkel, the volume of cooperation and the quality of Moscow and Berlin has increased significantly.
“Our relationship was built differently.
However, the extent of our cooperation over the years,...
read more
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August 20, 2021 18: 27
German Chancellor Angela Merkel at a meeting with Russian President Vladimir Putin discussed the joint statement of Germany and the United States on Nord Stream 2.
"Of course, we discussed the topic of Nord Stream 2.
This is not a bilateral Russian-German project, but a project of the European Union.
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August 20, 2021 18: 10
The Bank of Russia in July increased the volume of gold in reserves by about 0.1 million ounces, follows from its data.
This is about 2-3 tons of precious metal, the data format of the Central Bank of the Russian Federation does not allow for a more accurate assessment.
As of August 1, the volume of monetary gold reserves in the... read more
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August 20, 2021 18: 02
Ingosstrakh completed the acquisition of Insurance Company Capital-polis Medicine (St. Petersburg), the company said.
SC "Capital-polis Medicine" was established in 1995 and currently operates in St. Petersburg and the Krasnoyarsk Territory.
In... read more
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August 20, 2021 18: 00
The weighted average exchange rate of the US dollar with the settlement term "today" following the results of trading of the Moscow Exchange increased by 2397 points (1 point corresponds to 0.01 kopecks) and amounted to 74,3719 rubles.
The minimum US dollar exchange rate was 74.08 rubles, the maximum - 74.55 rubles.
It was... read more
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August 20, 2021 17: 53
Russian President Vladimir Putin said on Friday that negotiations with German Chancellor Angela Merkel were constructive and businesslike.
“Our today ’ s talks with Madam Federal Chancellor traditionally took place in a constructive business environment, ” Putin said.
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August 20, 2021 17: 46
China ’ s budget expenditures in January-July increased by 3.3% compared to the same period last year and amounted to 13.79 trillion yuan, according to data from the Ministry of Finance of the country.
In particular, the cost of education increased by 9%, health care - by 3.1%,... read more
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August 20, 2021 17: 37
The global semiconductor shortage will reduce car production by 6.3 to 7.1 million units this year, and supply chain disruptions caused by the COVID-19 pandemic will also affect the industry next year, according to IHS Markit.
Only in the third quarter of 2021... read more
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August 20, 2021 17: 27
The American stock market, which began trading controversially, later moved to growth, but by the end of the week, most likely, will record the worst decline since June, according to Trading Economics.
The Dow Jones Industrial Average increased by 0.5% by 17: 10 GMT and... read more
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Content: Monday 30 January 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
« Optimism » title of the economic scene in the UAE during 2023
« Optimism » title of the economic scene in the UAE during 2023
January 30, 2023 01: 50
Hussam Abdulnabi (Dubai)
Leaders and entrepreneurs expressed optimism about the performance of the UAE economy in 2023 and their confidence in achieving significant growth in revenues, due to a combination of positive factors, namely the expectations of international institutions for the performance of the economy and GDP growth, the availability of growth opportunities at the regional level, and successful government strategies to shape their economic future. In addition, there are indicators of the recovery of various economic sectors, increasing the ability of the State to attract foreign investment, increasing reliance on innovation and technological solutions in the performance of business, the availability of financing for investment and the growth of international demand.
Great optimism.
A report by Gideon Moore & Partners, a transformation and growth consultancy, revealed that 70% of business leaders in the UAE said they were optimistic about the economy in 2023, while 46% said they were optimistic about the coming year, based on the IMF ’ s forecast that the UAE ’ s economy will grow by more than 6% and take advantage of the opportunities offered by regional economic growth.
The report, which analyzes the views of business leaders in a number of countries, shows that the strategies companies plan to adopt in 2023 are focused on innovation, technology, growth and transformation, with a focus on investing in the latest e-commerce, digital, marketing and public relations solutions, noting that 60% of UAE business leaders said their focus will be primarily on business growth and sustainability, in line with the UAE ’ s vision.
Maria Gideon, Founder and CEO of Gideon Moore & Partners, said: “The business ecosystem in the Middle East is witnessing positive growth today thanks to the strategies that the UAE and Saudi Arabia plan to rely on to achieve their national goals in the coming years. ” Aye.
Business Growth
According to the results of a survey by GoDaddy, which specializes in empowering entrepreneurs, 82% of small businesses in the UAE are optimistic about achieving growth in the business sector in 2023, with about half of the respondents seeking to achieve significant growth in their small businesses in 2023, through intensified e-efforts, including e-marketing by 21% and improved e-presence by 19%.
The report, which analyzes the results of the survey, identified the main sectors in the UAE that are expected to achieve the largest growth, noting that they include food and beverage sector at 27%, health care at 23%, tourism and travel at 23%, and information and communications technology at 22%....
Commenting on the report, Selena Bieber, Head of International Markets Business Strategy at GoDaddy, said: “As we see a slow recovery from the global pandemic, we are seeing an increase in growth and online activity among startups in the UAE and the surrounding region, with more small businesses investing in online presence and digital tools to help attract new customers. Companies in the UAE have stated that government regulations and policies address the challenges faced by small businesses.
Investment flow
A report by Tamimi Investment Group predicted a significant increase in the flow of foreign direct investment to the UAE in 2023, as the investment group attributed the rise to strong economic performance, rising growth and ambitious development plans that the country has embarked on in preparation for the next 50 years.
Danny Tabbara, Chief Operating Officer of Al Tamimi Investment Company, said that many investors expressed their desire to enhance their investments in the UAE to contribute to the economic diversification witnessed in the country, as the UAE economy, which is the second largest in the region, enjoys a high level of investor optimism in the market and rising economic expectations, making it an attractive global destination for investments. The successful hosting of Expo 2020 Dubai has played a significant role in the country ’ s economic performance, helping to boost tourism, hospitality, supply, real estate and other related sectors.
He added that these successive developments have enabled the UAE to reach higher levels than it had achieved before the “pandemic ” phase in 2019.
He predicted the growth of investment flows in light of the recovery of the sectors of construction, digital trade, digital transformation, industry, health care, education, advanced industries and others, noting that innovation and sustainability will stimulate more growth opportunities, especially in promising sectors, such as renewable energy, transport technology, food and others.
He pointed out that the government ’ s programs and plans to stimulate investment, the increasing participation of the private sector and the continuous modernization of infrastructure and development initiatives will contribute more to the improvement of the investment scene in the country and its leading position on the international scene, concluding by pointing out that the UAE aims to be among the top 10 investment destinations by 2030, especially after the United Nations Conference on Trade and Development ranked the UAE as the 15th largest country in 2020....
Revenue growth
According to PwC Middle East ’ s 26th CEO Feedback Survey, 61% of CEOs in the Middle East expect the region ’ s economic growth to improve in 2023, 63% are “very confident ” of their company ’ s revenue growth over the next 12 months, and 71% of CEOs are confident in their growth forecasts over the next three years.
Hani Ashkar, Senior Partner at PwC Middle East, said: “The results of the survey revealed that CEOs in the Middle East are ready for a more active and prosperous future, with 58% of them already transforming and enhancing their businesses.
Unlike their global counterparts, business leaders in the region do not delay deals (76% vs. 60% globally) or decline investments (58% vs. 40% globally), he said, noting that business leaders in the Middle East focus on building efficiencies and enhancing supply chain flexibility, adaptability, and cost efficiency.
Growth rates
HSBC ’ s survey of 1,700 mid-cap companies (companies with revenues of US $10 million to US $500 million) showed that 93 per cent of mid-cap companies in the UAE market expect double-digit growth rates (above 10 per cent) for 2023, with increased international demand (46 per cent) and the ability to secure financing or investment (46 per cent) supporting the UAE ’ s outlook.
UAE respondents identified the top three investment priorities for 2023: customer experience (69%), workforce skills upgrading (68%), and increased cyber security vigilance (63%).
The report pointed out that (48%) of respondents in the UAE cited sustainability as a key driver and a more powerful and impactful catalyst for business, especially with the country hosting the COP28 climate conference in December, indicating that 37% of participating companies in the UAE expect increased interest in sustainability.
GDP growth
Emirates NBD ’ s research unit expects the UAE ’ s GDP to grow by 3.9% in 2023, far exceeding the World Bank ’ s global growth forecast of 1.7%, confirming that the rise in oil prices in 2022 played a prominent role in giving momentum to the GCC ’ s budgets and achieving a surplus, as well as strengthening government balance sheets.
All rights reserved to Al Ittihad Newspaper 2023 ©

Title:

Content: Investments in the fixed capital of the industrial sector of Kazakhstan amounted to almost $8 billion
Investments in fixed assets in the industrial sector of Kazakhstan in January-July of this year amounted to 3.33 trillion tenge ($7.8 billion) - 8.3 percent less in value terms than a year earlier, Trend reports with reference to energyprom.kz.
It is reported that the real decline in the physical volume of capital investments reached 10.5 percent.
The largest volume of investments in the industry traditionally falls on the segment of the mining industry and quarrying - 61 percent of the total portfolio, or 2.03 trillion tenge ($4.8 billion).
At the same time, the share of the sector for the year decreased sharply: in the same period of 2020, the extractive sector accounted for 74.5 percent of the volume of investments at once.
It is noteworthy that such overflow is due not only to a reduction in injections into the production sector (in money - minus 24.9 percent, in physical volume - minus 26.5 percent), but also to a sharp increase in investment activity in the processing segment.
Here, capex for the year grew immediately by 88.4 percent in money and by 82.9 percent in physical volume, to a record 836.7 billion tenge ($19.7 billion).
This is already 25.1 percent of the investment portfolio of the industrial sector of Kazakhstan, against only 12.2 percent a year earlier.
In the mining sector, oil and gas production traditionally leads the way: 1.52 trillion tenge ($3.6 billion), or 75 percent of the portfolio of the mining segment.
However, a year earlier the figure was 83.5 percent.
The share of metal ore production, by contrast, increased from 12.2 percent to 16.8 percent of the total capital investment of the mining industry.
This is 341.9 billion tenge ($804 million) - 3.7 percent more in monetary terms than a year earlier.
In the processing segment, the largest volume of investments is directed to the chemical industry - 37.7 percent of the portfolio, against only 13.9 percent a year earlier.
This is 315.6 billion tenge ($742 million) - more than five times more than a year earlier.
Among the key investment magnet sectors, as usual, were also the metallurgical sector (34.3 per cent of capital investments in the processing sector), the food industry (8.4 per cent) and the production of building materials and other non-metallic mineral products (6.1 per cent).
As for other industrial sectors, the electricity and heat supply segment accounted for 293.6 billion tenge / $690 million (5 percent less than a year earlier, in money and 7 percent less in real terms); water supply, sanitation, and waste collection and disposal — 167.1 billion tenge / $393 million (minus 2.3 percent in value and minus 4.6 percent in physical volume).
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Content: Monday, 30 October 2023 03: 02 GMT
Global banks to Al Bayan: Dubai has promising economic prospects in 2024
(MENAFN- Al-Bayan)
A group of international banks have forecast a promising and positive economic outlook for the performance of Dubai ’ s economy in 2024, despite many fears and disruptions threatening the global economy, such as ongoing geopolitical events, the dangers of economic recession and its direct effects on oil prices, as well as attempts to control inflation and the financial effects associated with it.
The banks stressed that Dubai ’ s optimistic economic prospects in the coming year were driven by several key factors: foreign direct investments that create a favorable environment for wealth growth and job creation, favorable energy prices and strong tourism sector performance, the UAE ’ s accession to many global initiatives, the geographical advantage between East and West and economic resilience. It gives the emirate a degree of stability in the face of global economic fluctuations.
“The ongoing liberalization of residency and immigration laws, Dubai ’ s reputation for luxury and innovative real estate development makes it particularly attractive to local and international investors, its ability to attract wealthy and high-net-worth individuals, inflation remains under control, low public debt, and significant investment opportunities in several economic sectors. ”
Optimistic Expectations
Rasha Badawi, Chief Executive Officer UAE – Barclays Bank, said: “The region is on an impressive growth trajectory that looks set to continue until 2024, and in addition to the rapid growth in the UAE, the region is witnessing steady growth in key markets including Saudi Arabia and beyond. ”
“There is no doubt that Dubai has established itself as one of the world ’ s leading financial and commercial centres, and it is certain that it will continue to attract investors. ”
Foreign direct investment flows to the UAE increased by 10% in 2022 compared to the previous year to a record $23 billion, which of course creates an environment for wealth growth and additional jobs.
“Geopolitically, the region has become more stable and plays a major neutral role globally, but we must remain aware of the dangers associated with geopolitics, ” she said.
“After the outbreak of the COVID-19 pandemic, we have seen rising energy prices, a range of government policies supporting businesses and investors, and a resurgence in tourism, all of which have helped the Gulf region, and Dubai in particular, outperform many of its global peers. ”
Badawi said the UAE is investing heavily in the energy transition, through solar and nuclear power and reducing emissions in the oil and gas sector, as well as creating a business ecosystem that encourages innovation, the use of cutting-edge technology and a wide range of commercial benefits.
This is a favourable climate for growth and will certainly help achieve the goals of the Dubai Economic Agenda D33, which aims to double the size of the economy by 2033.
Badawi said she is optimistic for Dubai in 2024 provided that we remain in a stable geopolitical environment, and that the world does not enter a deep recession that will affect oil prices, noting that we do not expect a deep global recession in 2024, but we expect global growth of 2.4%.
Dubai Economic Resilience
Aisha Abbas, Executive Director, Head of Retail and Business Banking at Standard Chartered, UAE, said: “The economic outlook for Dubai in 2024 is remarkably promising, despite the economic challenges facing the world. Dubai ’ s economic resilience is most evident in its strategic location as a global hub for trade and travel. This will enhance its reputation as a reliable and stable player in the global arena.
Abbas added that several factors contribute to the positive growth outlook, the most important of which is that the continuous liberalization of residency and immigration laws is expected to stimulate domestic demand and population growth, which will have a positive multiplier effect across various sectors of the economy, especially with low levels of inflation. Consumer hypocrisy often translates into high demand for housing and real estate, and Dubai ’ s reputation for luxury and innovative real estate development makes it particularly attractive to local and international investors.
Abbas noted that one of Dubai ’ s key strengths is its ability to attract wealthy and high-net-worth individuals. The emirate ’ s tax-friendly environment, lifestyle offerings and world-class amenities make it an attractive destination for those looking to establish a presence in the region. These individuals play a crucial role in boosting economic growth through their investments and expenditures, and this trend is expected to continue in 2024, even amid global uncertainty.
Dubai ’ s ability to adapt to changing global conditions and the added value it offers makes it a prime choice for travelers seeking a unique and luxurious experience, and ongoing investments in tourism infrastructure and attractions enable a strong recovery in the tourism sector to continue next year.
Great investment opportunities
Arnaud Leclerc, Group General Manager, Swiss bank Lombard Odier, said: “We are very optimistic about Dubai and the UAE in general, and last year was excellent, with GDP growth of around 8%, although we do not expect growth to continue at this level this year or the following year. Things are going well in the Emirates.)
He added: “There are gaps in the accounts, inflation is still under control and public debt is low, and if you take these criteria into account, you will not find many countries have this good financial situation, and oil prices also have a positive impact in the region, including the UAE. Some businesses, especially in debt servicing, have experienced a slight slowdown due to rising prices, so people are more hesitant to buy property but that ’ s not a major concern.
Leclerc noted that Dubai ’ s economy is based on tourism and the growth of the financial sector, adding that the shift towards sustainability and new technologies, such as carbon capture, green hydrogen, smart mobility solutions and vertical agriculture, also provide significant investment opportunities, which we look at closely.
On the impact of the UAE ’ s accession to a number of global initiatives such as the BRICS, the Silk Road and the G20 Economic Corridor, Leclerc said: “These steps highlight a shift towards consolidating the economic status of the UAE. While some countries have seen different results in initiatives such as the Silk Road, China ’ s economic influence and the role played by the UAE are influential in the changing global landscape. This is clear, and these are undoubtedly historic changes that are taking place before our eyes, and are being witnessed by the current generation.
“The UAE ’ s accession to the BRICS and the Silk Road is a step in the right direction, there are two important routes, one through the Middle East and the other through Central Asia to Europe, and the Silk Road has achieved some successes, but at the same time it has faced a number of challenges, but we cannot ignore the fact that China has become the second largest economy. In the world, though not the largest by some standards, India is also growing significantly.
Leclerc said that the UAE is a natural hub, more than just a commercial hub, which is impressive, as we are witnessing history being written before our eyes, and the UAE has a good chance, given its ambitions and aspirations.
Key factors of Dubai ’ s economic growth:
Foreign Direct Investments
Creating an environment conducive to wealth growth
Creating new jobs
Strong performance of the tourism sector
Geographical advantage between East and West
Economic Flexibility
Residency Laws Facilities
Reputation of Real Estate Development
Significant investment opportunities
World-class facilities
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Title:

Content: Free zones may be Africa’s best chance to accelerate wealth creation

By Sylvia Brune

Co-founder of AHOY – a flight booking and concierge app – Sylvia Brune discusses why free zones may be Africa’s best chance to accelerate wealth.

Given the demand for goods and services from Africa’s growing middle classes, the continent has huge potential for growth. Over the past year, Foreign Direct Investment (FDI) into Africa grew by 11%, bucking the global trend and potentially setting a bright precedent for the future.

Whether this upwards trend in FDI will have a positive effect on growth and wealth creation is, however, still unknown. Studies have shown that capital has little impact on an undeveloped foundation. Key components needed to enhance capital’s productivity are infrastructure (not just physical), a stable and transparent legal framework, and skilled labour.

Where these are lacking, investors into the continent have to first ‘build’ the commercial foundation, before commencing their projects. Like spending money on hiring advisors, lawyers, and accountants to navigate the various countries’ economic environments, political systems, and bureaucracy. This adds time and uncertainty to projects, acting as an effective ‘tax’ on any return on investment - meaning only projects with a very high upside will be embarked upon.

Evidence suggests that these key components are indeed lacking across most of Africa, albeit with a small handful of countries on the road to improvement.

Countries, like Senegal and Côte d'Ivoire, have made important strides to improve anti-corruption institutions. Cabo Verde and Gambia have managed to gain local trust with 85% and 84% believing their government is fundamentally sound. And Mauritius and Rwanda have made it into the top 35 countries in the world as measured by economic and personal freedom, with Mauritius marginally beating Norway in the global ranking.

The reality is, however, that corruption continues to undermine the rule of law across most of Africa (which hosts 13 of the globe’s 20 most corrupt countries). Rule of law relates to strong property rights, government integrity, and judicial effectiveness - the basis for a sound investment environment. What is even worse than corruption’s effect on FDI, though, is its effect on retaining and developing talent.

Instability and lack of opportunity continues to result in brain-drain - drawing talent and skill away from the continent. The World Bank estimates one-in-nine Africans with a tertiary education live away from Africa – a 50% growth since the mid-00s.

So, what’s the solution?

Given the long, tough road ahead towards building economically sound environments across Africa, I believe the only solution in the short run, is establishing 100s of Special Economic Zones (SEZs) throughout the continent.

For those unfamiliar with SEZs, they are areas which operate under a different legal framework to the country they inhabit – with investment-friendly laws around commercial transactions, taxes, and the protection of private property. SEZs’ advantage is that you avoid building on top of broken legacy system, instead creating a pre-packaged, investor-ready climate.

These zones have been successfully tested and run in China and the Four Tigers (Hong Kong, Singapore, South Korea and Taiwan) to attract considerable FDI, and experience decades of double-digit growth. This format could likewise be used to boost and sustain investor interest in Africa.

SEE ALSO:

SEZs as talent hubs

While SEZs are known mostly as attractive investment environments, with conducive infrastructure and legal frameworks, the secret to their success rate is actually in their ability to attract and retain talent and skilled labour in specialised hubs.

China showed just how powerful an industry focus within SEZs can be. Because they provide a magnetic effect of highly specialised knowledge hubs - comprised of domestic, regional, and international talent.

Capital is like fuel, it’s only effective where there is a flame to throw it on. And that flame is talent.

The potential is clear, and I believe Africa has a burgeoning pool of talent waiting to be tapped into. But whether they are able to put their talents to best use, collaborate, and innovate freely is uncertain, and will determine whether they stay, or search for opportunities elsewhere.

A common hurdle, for example, is work visa rules between African countries, which means it’s easier for talent to find good opportunities outside Africa than within Africa. Talented individuals want to work alongside other talent. Similarly, talent and specialists from outside Africa face considerable barriers when trying to obtain work permits.

For example, Mr. Eazi’s emPawa Masterclass, like many creative undertakings, is dependent on bringing together the best talent. Earlier this year, emPawa struggled to bring artists, producers, and mentors together from across Africa. Due to visa rules and uncertain processing times, some were only provided with visas after the masterclass was already over, some not at all.

Here, again, SEZs are a solution. SEZs are able to receive visa allocations relating to their area of specialisation, which increases the likelihood of collaboration and innovation - which in turn attracts capital.

The Andela example

There’s plenty of evidence that talent wants to stay, provided there are the right conditions to do so. A great example is tech recruitment platform Andela, which proves that when start-ups in Africa have access to the best talent, including a global support network, and then tap into local opportunity, they can raise substantial foreign capital, and the local business community benefits as well.

Andela trains candidates for six months before pairing them with clients, many are the Fortune 500 and a number of Silicon Valley start-ups. So far, more than 90% of Andela’s first batch of alumni are still working in Nigeria.

SEZs would be able to turbocharge the work of companies like Andela. After talent has been developed, they need environments where they can make most use of their skills.

Already, countries like Mauritius, Senegal, and Rwanda have and are in the process of creating SEZs, with the view to building infrastructure, a stable legal framework, and enticing skilled labour – it’s an exciting time and I for one, am eager to see the results as more African countries follow their footsteps.

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Title:

Content: Africa: Finance Minister Samuel Tweah Outlines Issues Affecting Investments in Africa At Choiesul Forum

Nice — Finance Minister Samuel Tweah was among four speakers chosen to open the CHOIESUL FORUM.

The Choiseul Africa Business Forum, a place of cross-fertilization, aims to give key for analysing the growth-generating sectors in Africa and gather, on an interactive mode, African and European leaders to develop a collective intelligence and to contribute to the opening of new scopes of partnerships with the continent.

Speaking to investors Min. Tweah made a compelling case for Africa and Liberia, to thunderous applause from the audience.

He argued that investment challenges in Africa are far more than business climate issues. He argued they are also geopolitical. Geopolitical intetest in Africa from big powers can catalyze investment flows to Africa. He noted that this happened for South Korea which received from the US some USD 2.5 billion in the 50's, an amount that was equal to what the World Bank lent to all countries in the same year.

Minister Tweah noted that Africa has also received only 3 percent of OFFICIAL DEVLOPMENT ASSISTANCE since 1960, wondering if Africa is receiving such paltry amount where has aid been going, with the audience bursting in applause.

He further argued that AFRICA'S share of PPPis small and is concentrated in only 7 countries, saying that if investors went by that statistics, they would be investing in only 7 countries.

For Liberia, the minister presented Liberia as a commodity dependent country which rises and falls with the ups and downs of commodity prices of iron ore and rubber. He invited investors at the Forum to invest in value addition in Liberia as a way of stabilizing and growing the Liberian economy.

The Minister made the case for RUBBER and OIL PALM. He noted that just by adding a small 30 percent value to LIBERIAN RUBBER an investor can experience huge profit margins over current price levels.

Minister Tweah also touted the VIA RESERVOIR PROJECT as the FLAGSHIP CARBON SAVING RENEWABLE ENERGY PROJECT in the Energy sector, with the potential of producing as high as 800 megawatt of electricity. With the CLSG lines running through Cote d'ivoire Liberia Sierra Leone and and Guinea, the Mininier noted that investors should take a look at the feasibility report of this investment.

Minister Tweah informed investors that the Government of Liberia is moving toward a National switch in the digital space, an outcome that will provide boost for the digital economy. He invited digital companies and investors to follow this development.

Minister Tweah touted the recent macroeconomic. performance of Liberia as outstanding, describing the drop in inflation from 31 percent to 6 percent as arguably one of the greatest inflation collapses in history.

He noted that France and developed countries are taking a new look at Liberia on account of the strong policy decisions of the Government of President George Manneh Weah.

He described efforts to reform the Liberian business climate and the Judicial Conference led by Chief Justice Francis Korkpor.

Minister Tweah presented Liberia as having the most generous incentive regime in Africa for investors.

Prior to coming to NICE, MINISTER TWEAH held meetings with 10 companies in PARIS, who are looking to find opportunities in Liberia.

Minister Tweah returns to Liberia on Sunday where he is expect to join discussion on the national budget which is currently before the National Legislature.

AllAfrica publishes around 700 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

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What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

What trends are emerging for African startups in 2022?

## Investment Trends and Figures

### Overall Investment Climate
Africa has experienced significant growth in foreign direct investment (FDI) in recent years.

Title:

Content: Financial results of four major state-owned companies, including SOCAR, improved significantly - Minister
BAKU / Trend / - Within the framework of the activities of the Azerbaijan Investment Holding, the implementation of reforms in the field of corporate governance has begun in state companies.
According to Trend, this was said by the Minister of Economy Mikail Jabbarov.
“A comprehensive action plan is currently being implemented to improve the financial performance of these companies and increase transparency.
To date, the Supervisory Board has been formed in nine companies, and the composition of one has changed.
Diagnostics of the results of activities in the legal, financial, tax and commercial spheres was carried out with the involvement of international consultants at eight state-owned enterprises under the management of the holding, "Jabbarov said.
According to him, on the basis of diagnostics, an action plan is being prepared in the areas that need to be improved, and on issues awaiting resolution.
“The development of corporate strategies for portfolio companies, the establishment of annual and medium-term performance indicators and targets for improving financial stability, as well as the development of a dividend policy are important areas of the action plan.
I must say that the measures taken bear fruit.
The financial results of four major state-owned companies, including SOCAR, have already improved significantly, and this trend is intensifying, ” Jabbarov added.
(Author: Nazrin Israfilova.
Editor: Konstantin Shapiro)
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Content: A gold medal for Syria through swimmer Omar Abbas at the Arab Games in Algeria
Look, too.
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Geneva, SANA- The United Nations Conference on Trade and Development (UNCTAD) has announced that total global foreign direct investment

Title:

Content: The rise of foreign investment in the Middle East and reveals its proportions
Palestine Today - Gaza
Time: 05: 36 PM
June 11, 2022
Foreign direct investment (FDI) flows to the countries of the Arab world and the Middle East in 2021 increased by 44.2% to reach $66.85 billion compared to $46.37 billion in 2020.
In a report based on data from the United Nations Conference on Trade and Development (UNCTAD), Al-Iqtisadiyah newspaper pointed out that "this rise in foreign direct investment to the region was mainly supported by Saudi Arabia, which contributed about 68% of the increase in investments to the region by $13.9 billion, while the increase for the region in total $20.5 billion."
“Foreign direct investment (FDI) flowing to Saudi Arabia rose 257%, the fastest pace in history, to reach $19.3 billion in 2021, compared to $5.4 billion in 2020, ” the report said, pointing out that“ FDI flowing to Saudi Arabia in 2021 is the highest since 2010, when it reached $28.3 billion, as a result of overcoming obstacles to foreign investment in the Kingdom and the huge investment opportunities available under the Kingdom ’ s Vision 2030. sectors ".
The report pointed to "the highest countries in the region attracted foreign direct investment in 2021," explaining that "led by the UAE with 20.7 billion dollars, followed by Saudi Arabia, third Turkey with 12.5 billion dollars, followed by Egypt with 5.1 billion dollars, and Salman 3.6 billion dollars."
The report revealed that "Iraq recorded a departure for foreign investments worth $2.6 billion, to continue foreign investments in the exit for more than six consecutive years, and that Qatar recorded a departure for foreign investments for the fourth year in a row to reach $1.1 billion in 2021."
“Unlike the previous seven countries, the flow of foreign direct investment in 2021 amounted to about $2.15 billion for Morocco, Bahrain $1.8 billion, and Iran $1.4 billion, ” she said, noting that“ foreign investment amounted to less than $1 billion in Algeria by $870 million, and $660 million in Tunisia, while in Jordan $622 million, Sudan $462 million, Somalia $456 million and $273 million in Lebanon. ” Palestine was $256 million, Kuwait $198 million, Djibouti $167 million, Mauritania $22 million and Comoros $4 million.
According to the World Investment Report, “FDI recovered and recovered to pre-Coronavirus levels, up 64% from 2020 to reach $1.58 trillion in 2021, driven by momentum from M & A activity and rapid growth in international project financing due to loose financing and stimulus packages for key infrastructure. ”
While all regions benefited from the recovery, three-quarters of growth was concentrated in advanced economies, where foreign investment inflows rose 134 percent, and multinationals made record profits, the top 10 receiving FDI in 2021 were the United States, China, Hong Kong, Singapore, Canada, Brazil, India, South Africa, Russia and Mexico.
“Flows to developing economies rose 30% to $837 billion, the highest level ever recorded, due to strength in Asia, a partial recovery in Latin America and the Caribbean and recovery in Africa, ” she said, noting that the outlook for the current year was more bleak, according to the report, released by the United Nations Development Programme (UNCTAD) entitled“ International tax reforms and sustainable investments ”. This is because the business and investment climate has changed dramatically.

Title:

Content: SR 9.5 billion net foreign direct investment inflows in the Kingdom during the first quarter of 2024
The General Authority for Statistics (GASTAT) revealed the volume of foreign direct investment flows in the Kingdom during the first quarter of 2024.
The statistics said that 9.5 billion Saudi riyals is the value of net foreign direct investment flows in the Kingdom during the first quarter of 2024.
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Content: China's FDI in the first half of the year decreased by 29.1%
2024 / 07 / 15 05: 30
Foreign direct investment (FDI) in China continued to decline, dropping another 29.1% in the first half of the year. (Reuters)
The slowdown in China ’ s economic growth, coupled with the implementation of anti-espionage laws and other US export controls, has led to a continued decline in foreign direct investment (FDI) in China, which fell by 29.1% in the first half of this year, following an eighty-two percent plunge last year.
China's Ministry of Commerce pointed out that in the first half of this year, 26,870 foreign-invested enterprises were newly established across the country, but the amount of foreign direct investment was 498.91 billion yuan (about 68.83 billion US dollars), down 29.1% from the same period last year.
Last year, China's foreign direct investment was only US $33 billion, an annual decline of 82%, the lowest since 1993.
Last year's growth rate was only 5.2%, and there was no room for a lot of foreign investment.
As China's economic recovery after the epidemic has not been as good as expected, it has shown signs of weakness, with growth of only 3 per cent in 2022 and 5.2 per cent last year at a lower base, indicating that economic growth has slowed down.
Analysts pointed out: "At this rate of economic growth in China, there is no room for a large number of foreign investors to participate."
Analysts said that a large number of US technology companies and investors have withdrawn from China, because China's competitiveness has not been as good as before, labor costs are higher, and economic growth is not as fast as before.
Although these political risks have existed for many years, changes in international political situations in recent years, such as tensions between the United States and China, rising tensions in the Taiwan Strait, and cases of China using economic means to influence the internal affairs of Australia and Lithuania, have caused more concern about the risks of investing in China.
In addition, the Chinese government ’ s implementation of regulations such as the Anti-Espionage Law, the unclear definition of espionage, and many changes in China ’ s policies are also important reasons for foreign investment to be deterred.
Because foreign investors prefer long-term investment, they attach great importance to the stability of official policies, but in recent years, Chinese regulations have suppressed industries such as tuition, entertainment, and games, which have caused huge losses to related industries.
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Content: Iran imports more than $12 million worth of cement from Turkey
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Title:

Content:
New foreign firms surge in China despite drop in overall direct investment

(MENAFN) The number of newly established foreign companies in China surged by 19.2 percent in the first four months of this year, according to a statement from the Chinese Ministry of Commerce. During this period, spanning from January to April, a total of 16,805 foreign-funded companies were established across the country. However, despite the increase in the number of new companies, the actual foreign direct investment (FDI) fell by 27.9 percent from the previous year, amounting to 360.2 billion yuan (approximately 50.66 billion dollars).

The Ministry's statement also highlighted sector-specific trends within the FDI landscape. Investment in the manufacturing sector saw a notable increase, reaching approximately 103.7 billion yuan during the first four months, which constitutes 28.8 percent of the total FDI. In particular, the high-tech manufacturing sector attracted 45.73 billion yuan, with its share in the total FDI rising by 2.7 percentage points from the previous year to 12.7 percent.

Additionally, the recently released Kearney Foreign Direct Investment Confidence Index for 2024 indicated a significant improvement in China's standing. The country jumped from seventh to third place in the global ranking and maintained its leading position among emerging markets. This rise reflects growing investor confidence in China’s economic prospects and its appeal as a destination for foreign investments, despite the overall decline in FDI figures.

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Title:

Content: Mainland ’ s FDI Renminbi Decreased to 9.4% in October
Economic Pulse 18: 20 2023 / 11 / 17
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FDI in the Mainland increased from January to October.
The Ministry of Commerce announced that from January to October, the actual amount of foreign investment (FDI) was 987.01 billion yuan, down 9.4% year-on-year, the fifth consecutive month of decline, a decline of 1 percentage point more than the previous month.
From the point of view of the source, the actual investment of Canada, the United Kingdom, France, Switzerland and the Netherlands in China increased by 110.3%, 94.6%, 90.0%, 66.1% and 33.0%, respectively.
From the perspective of the industry, the actual use of foreign capital in the manufacturing industry amounted to RMB 283.44 billion, an increase of 1.9%, of which the actual use of foreign capital in the high-tech manufacturing industry increased by 9.5%. The manufacturing of medical equipment and instruments, and the manufacturing of electronic and communication equipment increased by 34.6% and 14.8% respectively.
The actual amount of foreign capital used by the service industry was RMB 672.10 billion, down 15.9%.
Foreign investment in construction, R & D and design services increased by 30.0% and 15.9% respectively.
In the first ten months, 41,947 foreign-invested enterprises were newly established across the country, an increase of 32.1% year-on-year.
The Ministry of Commerce has not released dollar-denominated figures since August this year. In the first eight months and the first nine months, the decline in the value of RMB was 5.1% and 8.4%, respectively.
The British Financial Times separately calculated that FDI in the US dollar fell 34% year-on-year in September, the largest decline since statistics began in 2014. The report bluntly stated that the deteriorating foreign investment situation has intensified the pressure on China's central and local governments to boost the economy.
Editor-in-Chief: Chen Chien-shih
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Content: Mainland FDI Renminbi Decreased by 11.7% YoY in January
Economic Pulse 16: 47 2024 / 02 / 23
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The actual amount of foreign capital used by the Mainland has fallen year-on-year.
The Ministry of Commerce announced that in January, the actual amount of foreign investment (FDI) in the country was 112.71 billion yuan, down 11.7% year-on-year and up 20.4% month-on-month.
4,588 foreign-invested enterprises were newly established, an increase of 74.4%.
From the perspective of the industry, the amount of foreign capital used by the manufacturing industry was 33.11 billion yuan, an increase of 20.5%, of which the actual use of foreign capital in high-tech manufacturing increased by 40.6%.
High-tech industries attracted 39.16 billion yuan, accounting for 34.7%.
From the point of view of the source, driven by large projects and factors such as the basis for the same period, France and Sweden increased by 25 times and 11 times, and Germany, Australia and Singapore increased by 211.8%, 186.1% and 77.1% respectively.
The head of the Foreign Investment Department of the Ministry of Commerce said that in the same period last year, the country absorbed foreign investment of 127.69 billion yuan, which was affected by high bases and other factors, and the data fell this year, but recorded an increase on a monthly basis.
This year, the authorities will continue to build the brand of "Invest in China" and increase the promotion of foreign investment; make good use of the Roundtable Meeting of Foreign Enterprises, the collection and processing system of foreign enterprises' problems, and further deepen communication and exchanges with foreign enterprises to help solve difficult problems.
The authorities will also work with various departments and regions to further implement the "24 Articles of Foreign Investment", strengthen the follow-up effect, ensure that various policy measures are implemented in place, and continue to build a market-oriented, law-based and internationalized first-class business environment, so that China will always become a hot place for multinational investment.
Last year, China's FDI fell 82% year-on-year, the lowest growth rate in 30 years.
Editor-in-Chief: Chen Chien-shih
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Content:   1. You Are At:
  2. English News
  3. Business
  4. FDI equity inflows dip 34 per cent to $10.94 billion in April-June 2023

FDI equity inflows dip 34 per cent to $10.94 billion in April-June 2023

FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.

Reported By: PTI New Delhi Published on: August 27, 2023 19:35 IST

Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.

Investments from overseas fell in April, May and June this fiscal to USD 5.1 billion, USD 2.67 billion and USD 3.16 billion, respectively as against USD 6.46 billion, USD 6.15 billion and USD 3.98 billion in the year-ago corresponding periods, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed.

Total FDI, which includes equity inflows, reinvested earnings and other capital, contracted 21.4 per cent to USD 17.56 billion during the period under review as against USD 22.34 billion in April-June 2022. During the quarter, FDI equity inflows decreased from major countries including Singapore, Mauritius, the US, UK, and UAE.

Investments dipped significantly from Cayman Islands and Cyprus to USD 75 million and USD 6 million during April-June 2023 as against USD 450 million and USD 605 million in the year-ago period. However, inflows increased from the Netherlands, Japan and Germany.

Sector wise, inflows contracted in computer software and hardware, trading, telecommunication, automobile, pharma and chemicals. However, services, construction (infrastructure) activities, construction development and metallurgical industry registered growth in inflows.

State-wise, though Maharashtra received the highest inflow of USD 4.46 billion during the period, it was down as compared to USD 5.24 billion in April-June 2022. Similarly, overseas inflows in Karnataka plunged to USD 1.46 billion in April-June 2023 as against USD 2.8 billion in the same period last year. Other states/UTs where FDI dipped in the quarter include Gujarat, Rajasthan, Delhi, Tamil Nadu, and Haryana.

On the other hand, FDI in Telangana, Jharkhand, and West Bengal reported growth during the quarter. DPIIT Secretary Rajesh Kumar Singh in May had stated that hardening interest rates globally and worsening geo-political situation impacted FDI inflows into India in 2022-23. FDI equity inflows into India declined 22 per cent to USD 46 billion in 2022-23.

Also Read: India's forex reserves drop $ 7.27 billion to $ 594.88 billion

Also Read: Multibagger stock: RBI-registered NBFC to sale stake in realty major as financial sector grows by leaps

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Title:

Content: There are 923 projects.
Renewable energy and software at the forefront
The UAE accounts for 57% of the number of foreign direct investment projects
The Arab Investment and Export Credit Guarantee Corporation (Daman) announced that the number of foreign direct investment projects coming to Arab countries during 2022 increased by 74% to 1,617 projects, and their investment cost increased by 358% to $200 billion.
According to the 38th annual report of the investment climate in the Arab countries for 2023, which was launched yesterday from its headquarters in Kuwait, these projects were concentrated in Egypt with a 53% share of the investment cost, and in the UAE with a 57% share of the number of projects, bringing the cumulative value in the region over the past 20 years to $1.5 trillion, through more than 16,000 projects, providing more than 2 million jobs.
In the opening of the annual report, Daman Director General Abdullah Ahmed Al-Subaih said that "the monitoring of 155 composite and sub-indicators issued by more than 30 international bodies revealed changes in the ranking of Arab countries globally in four main groups of indicators (political, economic, regulatory and production elements) related to the investment climate in the countries of the region during 2022."
He pointed out that the final outcome of the changes in the status of Arab countries in the international indicators reflected positively on the number of foreign direct projects coming to the region and their investment cost, with expectations of continued strong performance in 2023, especially after the increase in the number of foreign projects coming to the region according to the database (FDI Markets) by 28%, and the cost by 70%, to reach 74 billion dollars during the first third of 2023 compared to the same period of 2022. The geopolitical fallout in the region and the world has receded.
According to the data of the report, the UAE led the receiving countries in terms of the number of projects with 923 projects, while the renewable energy sector was at the forefront in terms of investment cost with a share of 60%, while the software sector was at the forefront according to the number of projects with a share of 23.4% of the total.
He pointed to the continued growth in inter-Arab investment during 2022, especially after the number of inter-Arab investment projects increased by 84% to 245 projects, and the cost by 623% to 45.6 billion dollars during the same year.
He stressed that the institution, which is the first multilateral body to secure investment in the world, and with the imminent celebration of the golden jubilee of its establishment, and the cumulative volume of its operations secured about $27 billion by the end of June 2023, continues its efforts to improve the investment climate in Arab countries and encourage Arab exports to various countries around the world.
He pointed out the importance of the countries of the region to accelerate the implementation of integrated plans to improve the investment climate in its various political, economic and institutional components, especially with the increasing competition among the countries of the world to attract foreign direct investments to their various sectors, especially in light of the political and economic conditions experienced by the countries of the region and the world at large.
• The number of foreign direct investment projects received in the Arab world increased to 1617 projects worth $200 billion.
• USD 1.5 trillion cumulative value of FDI projects in the region in 20 years through 16,000 projects that created 2 million jobs.
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Title:

Content: Thursday 06 July 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Arab Gate
UAE to attract $23 billion in foreign direct investment in 2022
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Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on Wednesday that the UAE attracted foreign direct investment worth 84 billion dirhams (US $23 billion) in 2022, an increase of 10% compared to 2021.
Sheikh Mohammed said that in the results of the World Investment Report 2023, launched by the United Nations Organization for Trade and Development (UNCTAD), the UAE achieved in 2022 the highest number in its history of foreign direct investment flows worth $23 billion despite the global decline of 12% in the movement of foreign investments around the world. Last year, according to the Emirates News Agency (WAM).
Sheikh Mohammed said that the United Nations report confirmed that the UAE is the fourth largest recipient of new projects in the world with a total of 997 projects, after the United States, Britain and India, recording an increase of 80% in new projects compared to the previous year, noting that the UAE strengthened its position as a top destination for investment in the GCC after attracting 61% of total foreign direct investment in the region last year.

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Content: There were 2,250 press releases posted in the last 24 hours and 280,330 in the last 365 days.
The largest international real estate and investment exhibition for the Philippines will be held in Dubai on 5-6 November
H.E. Hjayceelyn Quintana, Philippine Ambassador to the UAE
Hon.
Renato Dueñas Jr., Philippine Consul General in Dubai
Dr. Karen Remo, Founder and CEO of New Perspective Media Group
Vince Ang, Chief Operating Officer of New Perspective Media Group
DUBAI, UNITED ARAB EMIRATES, October 27, 2022 / EINPresswire.com / -- The eighth annual edition of the Philippine Real Estate and Investment Fair (PPIE), the largest international real estate and investment fair in the Philippines, returns to Dubai, United Arab Emirates on November 5-6, 2022.
The International Investment Show, which will take place at the Crowne Plaza Hotel in Sheikh Zayed Dubai, will highlight the strong economic performance of the Philippines as the fastest growing economy among its competitors in Asia, making it a leading investment destination in the region.
The Philippines ’ GDP growth was the highest in the region at 7.7 percent in the fourth quarter of 2021.
Meanwhile, the Philippines recorded GDP growth of 8.3 percent in the first quarter of 2022, surpassing pre-COVID-19 levels.
One of the reasons for these economic developments is the change in external remittances.
The latest data from the Central Bank of the Philippines showed that the flow of labor remittances out of the Philippines reached $2.92 billion sent through banks in July 2022, and recorded a record increase of 2.3 percent, from $2.85 billion a year earlier.
The $128.39 million in remittances from the UAE contributed significantly to the increase – making it among the primary sources of fixed personal remittances.
The local real estate market is among the high-growth sectors that continue to benefit from the positive results of exceptional economic progress and favorable business conditions to invest in the Philippines.
The influx of overseas Filipinos and foreign investors who want to take advantage of the peso is driving investment in the real estate sector in the Philippines.
It is also well reflected in the increase in sales from two to three figures on an annual basis as recorded by the international divisions of Filipino real estate developers doing business in the UAE.
For example, Ayala Land International Sales, reported a key growth in annual sales for the day of 203 per cent by value and 183 per cent in units this year, recorded a 31 per cent increase in annual value for the day and 41 per cent annual for the day in unit sales in the UAE.
This puts their sales in the UAE on par with their international sales in the US, which has been Ayala ’ s single largest source of sales for the longest time, according to a report by the Philippine Times.
The increase in demand for real estate from the UAE was driven by favorable job opportunities and growing investments among Filipinos in the Middle East country.
His Excellency Jocelyn M.
Quintan, Philippines Ambassador to the UAE: “The return of this year ’ s Philippine Property and Investment Show speaks volumes about the strong recovery and vibrant economic growth of the investment and real estate sectors in the Philippines combined with the global financial outlook, especially here in the UAE.
The epidemic has taught our overseas offices that they must use their hard-earned money for good use and beneficial investments, in order to ensure a better quality of life for them and their families in the future.
I would like to commend Neoprspective Media Group for organizing the annual event, which brings together top real estate developers from the Philippines, to develop the investment mindset of our nationals in the UAE.
"
His Excellency Renato N. Duinas Jr., Philippine Consul General in Dubai stated: “Owning a home in the Philippines is a shared dream among Filipinos abroad.
It serves as a testament to their years of sacrifice and hard work abroad PPIE serves as a way for our dear citizens in the UAE to help realize this dream, allowing them to learn about ways to make sound investments to ensure their financial security and ensure a comfortable retirement in the future. ”
Dr. Karen Remo, Founder and CEO of Neopressive Media Group, said: “The projected growth rate upgraded to 6.5 percent this year makes the Philippines an economic powerhouse among its peers.
This makes us more confident than ever at Neoprspective Media Group and confident that we seek to make our country as the region ’ s premier investment hub for Filipinos and foreign investors.
Since its inception, PPIE has always been contributing to the development of our country, and the return of our annual international exhibition brings this commitment to the forefront.
As a result of our continuous attempt to attract investments from overseas Filipinos, we have helped create a savings and investment mindset that improves lives for future generations.
Vince Ange, Chief Operating Officer of Neoprspective Media Group, said: “PPIE was born out of Neoprspective Media Group ’ s dream of seeing all workers outside the Philippines lead secure lives even while they are retired.
That vision has never diminished.
We encourage Filipinos and investors from the UAE to participate in the 8th edition of PPIE and become empowered in terms of handling their finances, savings and investments, and even in terms of post-epidemic skills that will make them more sought-after employees in the UAE.
This free two-day event will help them follow informed decisions today that will significantly impact their lives in the long run.
"
In this free event, attendees can explore a range of real estate, solutions and commercial services – from leading real estate developers in the Philippines to banks, insurance companies, government-backed financial, investment and savings institutions, e-commerce and money transfer centers.
Participants may also attend several keynote speeches from industry experts and CEOs of top real estate developers at 20 forums, featuring topics such as real estate investment and savings options for workers outside the Philippines, government loans and business opportunities for them, self-development talks, and much more.
PPIE 2022 will be shared by RLC Housing as Gold Sponsor, Federal Land, Greenfield Development, Double Dragon and Ayala Land as Silver Sponsors.
Exhibitors include House Land, DMCI, Westa Luisa, the Central Bank of the Philippines and Philippine Aviation.
Various UAE-based organizations will also be joining the event, including the Philippine Social Club; the Institute of Electrical Engineers of the Philippines - Abu Dhabi Branch; the Philippine Society of Mechanical Engineers - UAE Branch; the Institute of Electronics and Communications Engineers of the Philippines - UAE Branch; the Association of Filipino Engineers; the Philippine Institute of Chartered Accountants - Dubai; the Philippine Nurses Association of Human Resources Professionals and Assistants; and the Bayanehan Council. Abu Dhabi; Barista Community in the Middle East; Masset Saqaa Association; and other destinations.
Meanwhile, students from different schools – including the Philippine Millennium Private School, Philippine Global School, New Philippine Private School, and Far East Private School – will participate in a number of competitions during the event.
As the most trusted Philippine Business and Investment Forum in the Middle East, PPIE 2022 has made history in the Gulf region to bring in more than 24,500 good visitors during its past seven editions.
Participants can register for free at ppie.ae
Vince Ang
New Perspective Media Group
+ 971 554739253
email us here

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Content: Go to main content
China ’ s FDI fell 8.4% in September
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China ’ s actual foreign investment (FDI) in the first nine months of this year totaled RMB919.97 billion, down 8.4% from the same period last year and further expanding from 5.1% in January-August.
China's Ministry of Commerce said that in the case of a higher base in the same period last year, the scale of investment in the first nine months has decreased, but it is still at a historical high, and overall, China's long-term trend of attracting foreign investment has not changed.
According to the head of the Foreign Investment Department of the Ministry of Commerce, foreign investment, especially greenfield investment, will have a long process, from project negotiation to signing, establishment of enterprises, construction, investment and sometimes even last for several years, during which foreign investment generally follows the project construction progress, so the number of foreign investment will fluctuate every year.
The person in charge said that foreign investors invested in 37,814 new foreign-funded enterprises in China, an annual increase of 32.4%, indicating that foreign investment in China will not decline, and multinational companies are still optimistic about the investment prospects in China.
The responsible person also said that it will promote the further compression of the negative list of foreign investment access, further promote the free trade pilot zone and free trade port reform and opening up first, strengthen communication and exchanges with foreign enterprises, and continuously optimize foreign investment promotion and services.
Ensure that various policies and measures are implemented in place, and continue to create a market-oriented, legalized and internationalized first-class business environment, so that China will always be a hot place for multinational investment.
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Content: Meitu
China attracted 301.7 billion yuan of foreign investment in Q1 this year, the smallest in three years
CHU HENG NETWORK NEWS CENTER 2024-04-22 14: 23
Despite China ’ s efforts to attract foreign investment, foreign direct investment (FDI) in the first quarter of this year decreased by 26.1% year-on-year to RMB301.67 billion (about US $41.7 billion). Although it increased 41% from the end of last year, the inflow of foreign investment in March was less than RMB90 billion, down from RMB113 billion in January and RMB102 billion in February.
In addition, the scale of foreign investment in the first quarter of this year was the smallest since 2020.
At a high-level forum on China ’ s development last month, Chinese Premier Li Qiang vowed to improve the business environment, accelerate reforms in key areas and create a more open China to work with the world, after Beijing unveiled a series of measures to curb the slowdown in foreign investment, including expanding market access and easing some rules.
China 's Ministry of Commerce foreign investment management department director Ji Xiaofeng said on Friday (19), from the global multinational investment overall situation, from the economic situation, foreign direct investment volatility is a normal phenomenon, China' s foreign investment situation must be comprehensively analyzed, not only to see the changes in the scale of investment, but also to see the optimization of the structure of investment and future development prospects. The decline in the annual growth rate in the first quarter of this year is indeed affected by the high base period.
According to the 2024 Global FDI Confidence Index released by the US management consulting service company Colney, China jumped from 7th to 3rd last year. This reflects the willingness of multinational companies to continue to expand their investment in China, and said that the Ministry of Commerce will continue to promote five major tasks: easing foreign investment access, strengthening investment promotion, strengthening service protection, creating an open platform and optimizing the investment environment. Promote the implementation of the "24 Articles of Foreign Investment" and turn policy measures into a real sense of gain for foreign-funded enterprises.
According to the data released by the Ministry of Commerce on Friday, from the perspective of the investment structure, the first quarter of this year high-tech manufacturing industry attracted 37.76 billion yuan, accounting for 12.5%, an increase of 2.2 percentage points over the same period last year, and the service industry closely related to people's lives also achieved rapid growth.
It is worth noting that German investment in China increased by 48% in the first quarter of this year, and German Chancellor Gerhard Schutz visited China for three days last week.
In addition, China ’ s foreign non-financial direct investment (ODI) increased by 12.5% to RMB242.92 billion in the first quarter of this year, with investment in ASEAN and the EU growing faster, at 36.7% and 34.5% respectively, while investment in leasing and business services, manufacturing, and wholesale and retail industries grew by 45.5%, 36.4% and 14.9% respectively.
China ’ s FDI continued to grow during the COVID-19 pandemic, but fell 8% last year, mainly due to weak economic recovery in China and rising geopolitical tensions with the United States, which continue to weigh on foreign investment confidence.
The Asian Development Bank warned last week that weakness in China ’ s housing market and the retreat of the post-pandemic rebound threatened to dim growth prospects in the region.
But while shouting for continued openness, the Chinese government is increasingly emphasizing national security, including cracking down on espionage, foreign companies are scaling back their operations in China, and Chinese officials are trying to play down the impact of the downturn in foreign investment, Xu Zhibin, deputy director of the State Administration of Foreign Exchange, said at the Boao Forum for Asia last month.

Title:

Content: Reports & Analytics
72.3 billion riyals of foreign direct investment flows to Saudi Arabia in 2021..
Fastest Growth at 257.2%
Foreign direct investment (FDI) flowing into Saudi Arabia in 2021 recorded the fastest growth rate historically, according to available data, reaching $19.3 billion (72.3 billion riyals), up 257.2 percent from $5.4 billion (20.25 billion riyals) in 2020.
According to the monitoring of the reports unit in the newspaper "Al-Iqtisadiya", based on the data of the Saudi Central Bank "SAMA", the investments flowing during the past year exceeded the previous three years, with a combined value of 14.2 billion dollars.
According to the data, FDI inflows to Saudi Arabia increased for the fourth year in a row, reaching 15.9 billion riyals ($4.2 billion) in 2018, 17.1 billion riyals ($4.6 billion) in 2019, 20.25 billion riyals ($5.4 billion) in 2020, and finally 19.3 billion riyals ($72.3 billion) in 2021.
This comes in light of the efforts exerted by the State to overcome the obstacles of foreign investment in the Kingdom and the huge investment opportunities available under the Kingdom ’ s Vision 2030 and its mega projects and the privatization of many sectors.
During the fourth quarter of 2021, Saudi Arabia attracted foreign direct investment of about 7.25 billion riyals ($1.93 billion), compared to 7 billion riyals in the same period of 2020, an increase of 3.3 percent.
while it rose 0.7 percent compared to the third quarter of the same year of 6.5 billion riyals.
The available data shows that net foreign direct investment (FDI) flowing into Saudi Arabia during the second quarter of 2021 was the highest quarterly value ever, at 51.9 billion riyals ($13.8 billion), due to the deal, which Saudi Aramco completed with an international coalition of investors on the sale of a stake of a subsidiary worth $12.4 billion.
Net foreign direct investment inflows to Saudi Arabia increased by 18.3 percent in 2020 to reach 20.25 billion riyals ($5.4 billion) compared to 17.1 billion riyals ($4.6 billion) in 2019.
Saudi Arabia aims to increase net foreign direct investment inflows by 1,816 percent in 10 years (2021 to 2030) to reach 388 billion riyals ($103.5 billion) by 2030, up from 20.2 billion riyals ($5.4 billion) in 2020.
According to the data of the Saudi Ministry of Investment, the number of new foreign investment licenses jumped during the past year, 250.6 percent, to reach 4,439 licenses in 2021 compared to 1,266 during 2020.
The number of new licenses during the fourth quarter of 2021 led the wholesale and retail sector by more than 44 per cent, followed by the manufacturing sector by 16 per cent.
On the other hand, the ministry said in the "Monitor of Economy and Investment" report that it has implemented 112 deals with investments worth 50 billion riyals during 2021, stressing that there is an increasing demand from new investors to invest in Saudi Arabia, in addition to the desire of existing investors to expand their existing investments.
A total of 44 international companies have chosen Riyadh as their regional headquarters, in response to Riyadh ’ s position as the region ’ s largest city economy.
This came as a result of the Kingdom taking many measures to attract foreign investments and facilitate their flow to the Saudi economy, which made it significantly progress in the indicators of the climate, environment and competitiveness of business globally.
Among these steps, Saudi Arabia intends to stop contracting with any foreign company or commercial institution that has a regional headquarters in the region other than the Kingdom starting from the beginning of 2024, including bodies, institutions and funds belonging to the government or any of its agencies.
This comes to ensure that the main products and services purchased by various government agencies are implemented on the territory of the Kingdom and with appropriate local content.
The decision will not affect the ability of any investor to enter the Saudi economy or continue to deal with the private sector, and the related regulations will be issued during the current year.
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In 2022, FDI flows to Africa reached $56 billion, representing a 12% increase from the previous year.

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Content: Dubai: As the UAE economy makes a consistent recovery from the impact of the COVID-19 pandemic, the country has emerged as an attractive destination for foreign capital inflows, according to Institute of International Finance (IIF).

According to the latest estimates and forecasts from the IIF, the UAE attracted $46.4 billion in foreign capital inflows in 2021 with foreign direct investment (FDI) accounting for nearly half of that at $21.8 billion ahead of Saudi Arabia's at $19.5 billion.

In the UAE, elevated FDI is driven by the friendly business environment, excellent infrastructure, predictable policies, and political stability.

- Garbis Iradian, Chief Economist of IIF, Middle East and North Africa

While portfolio investment flows into the country is estimated at $19.3 billion, resident capital outflows in terms of foreign direct investments and other investments accounted for $64.2 billion largely driven by investments and acquisitions by sovereign wealth funds, government related entities and large companies.

Saudi, UAE lead

In the GCC, Saudi Arabia and the UAE accounted for significantly larger share of foreign capital inflows with the UAE topping the region in FDI.

“Our estimates show non-resident capital flows to the six GCC states reached $142 billion in 2021, an increase of $21 billion from 2020. This increase was driven by a surge in FDI, particularly to Saudi Arabia and the UAE, and the IMF’s general SDR [special drawing rights] allocation,” said Garbis Iradian, Chief Economist of IIF, Middle East and North Africa.

Data showed portfolio debt flows and other investments, excluding the SDRs allocation, have declined due to less financing need by regional sovereigns as fiscal deficits have narrowed and, in some GCC states, shifted to surpluses.

Overall capital inflows to the GCC is expected to edge down to $122 billion in 2022 due to a decline in fund raising through bonds and sukus as the governments’ financing needs decline the context of rising oil prices.

Going forward, most of the projected sovereign borrowing is related to refinancing needs. The decrease in sovereign borrowing could be partly offset by higher borrowing by the financial and non-financial corporate sectors. Government Related Entities (GREs) in the GCC may increase their demand for borrowing from the international markets. For example, the PIF, the Saudi SWF, is expected to unveil its Eurobonds in the first quarter of this year in the amount of $15 billion.

Reforms a key driver

FDI is expected to remain remain elevated in 2022 and 2023 in Saudi Arabia and the UAE.

“We expect higher FDI in the energy sector in the kingdom to raise crude oil and natural gas output capacity. In the UAE, elevated FDI is driven by the friendly business environment, excellent infrastructure, predictable policies, and political stability,” said Iradian.

Strong demand for high-quality assets from the region will remain an important factor in attracting foreign capital to GCC asset classes. Large financial buffers in the form of official reserves and SWFs, solid returns, dollar-pegged currencies make GCC’s sovereign debt an attractive alternative to riskier securities in other emerging markets.

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Content: The emirate occupies advanced ranks among adults in various international classifications
D33 Continues Dubai ’ s Approach to Global Excellence
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Dubai ranks high among the world ’ s adults in various recognized international rankings of cities, and continues thanks to its economic agenda « D33 » to start the stage of motivating and creating opportunities and achieving the achievements and ambition of the leader who is satisfied only with the top, to crown Dubai by making it the best city in the world, according to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
Dubai has become synonymous with leadership in many prestigious global indicators that monitor the levels of city renaissance in various aspects, and the name of Dubai is associated with the first place, or at least one of the top ten in the world, in various recognized international classifications of cities.
Hardly a month or two goes by without disclosing the results of an index or a global ranking in which Dubai enjoys an advanced position not outside the top ten.
Dubai is based in the implementation of its economic agenda « D33 » on the indicators it gained over the past year, and « Al Bayan » reviews the most prominent indicators and global rankings that witnessed the presence of Dubai among the adults in 2022.
Dubai was among the top 3 destinations for future investment globally thanks to the prominent position that the Emirate of Dubai has reached in the Arab world and internationally in attracting foreign direct investment.
1st place
On May 9, 2022, Dubai ranked first in the world in attracting foreign direct investment projects and second in attracting corporate headquarters in 2021.
This came on the occasion of the issuance of the annual report of the Dubai Investment Development Corporation, which pointed out that the Emirate of Dubai has achieved an important economic achievement, topping the list of attractive cities for new foreign direct investment projects for the year 2021, compared to the third place globally in the previous year.
His Highness also revealed the emirate ’ s success in attracting 418 new investment projects.
Tourism Projects
On July 17, 2022, Dubai ranked first in the world in attracting foreign direct investment (FDI) in the tourism sector, maintaining it throughout 2021, according to the Foreign Direct Investment Markets (FDiMarkets), a subsidiary of the Financial Times Limited, which is based on the classification of investment destinations attracting 10 or more foreign investment projects per year.
This is the culmination of Dubai ’ s successful journey over five consecutive years since 2017, during which Dubai has maintained its lead over global cities such as London, Paris and Shanghai in attracting foreign direct investment (FDI) to the tourism sector, with a total of AED 83.5 billion (US $22.8 billion) across 205 projects over the five years.
Foreign direct investment
On 31 October last year, Dubai ranked first in the world in attracting foreign direct investment projects, under the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
In the first half of 2022, 492 projects voted Dubai as a partner in a new vote of confidence in a secure and stable business environment, flexible legislative frameworks, efficient infrastructure and high ambition for the future.
The second best cities in the world in technology
On November 2, 2022, Dubai was ranked second on the list of the world ’ s best cities in technology, according to the Cities in Motion 2022 Index issued by the Navarra Business School (IESE) in Spain.
The index is published annually to monitor the levels of development of all cities in the world from all economic, social, scientific and other aspects.
Dubai advanced two positions in the field of technology compared to its classification according to the latest edition of the index, which was in 2020, when Dubai was ranked first regionally and fourth globally.
The College of Navarra said in the report attached to the results of the index, that there are many factors that have qualified Dubai to win the second place in the world in technology, including the overwhelming rate of mobile phone penetration among its population, as 99.8% of the population of Dubai has at least one mobile phone.
Similarly, 99.3% of Dubai ’ s population is covered by at least one mobile network, and its speed rating is at least 4G.
5th best city in the world
On November 9, 2022, Dubai retained its lead in the Middle East and North Africa, and ranked fifth in the world, on the “Best Cities in the World ” index, which is issued annually by the Canadian institution Resonance Consultancy for studies and research on cities and destinations around the world.
According to the results of the “Best Cities of the World 2023 ” index issued by the institution, which monitors the best cities in the world over the past year, Dubai retained the same regional and global rankings that it received in the last year ’ s edition of the index, after it strengthened over the past year, and the period since this year, its position as the city of qualities that weigh the“ I do ” preference. A breathtaking panorama, or watch the “most expensive ” horse race in the world.
A position that has contributed to Dubai ’ s presence among the top 10 on the “Best Cities of the World ” index over the past years, but Dubai strengthened this position this year with the opening of the deepest diving pool in the world, according to the Guinness World Records, which the report said that it should move its headquarters to Dubai, if not already, as Dubai is dedicated to always rewriting records in this encyclopedia.
« City Brand Index »
On November 11, 2022, Dubai was ranked first regionally and sixth globally on the Saffron City Brand Index 2022, released yesterday by British consultancy Saffron.
The index annually tracks the world ’ s top cities that have built strong brands in several sectors, with a particular focus on tourism.
This year, Dubai received a score of 50.06 out of 100, which is the ultimate score given by the index to each city in assessing the strength of its brand.
Dubai scored 51.78 on the sub-index "Assets", which means assets owned by the city that contribute to building its brand, especially in the tourism sector.
Dubai received a score of 48.33 in the sub-index “Media Attention ”, which means the city ’ s reputation in the global media.
Saffron said in the report attached to the results of the index that the top 10 cities on the index, including Dubai, succeeded in maintaining or increasing their overall balance as cities with internationally recognized brands in the tourism sector, when taking into account the sub-indicators « assets » and « media interest ».
The report added that the top 10 cities not only have huge assets in terms of attractive tourist destinations, but also enjoy a huge positive reputation in the global media.
Best city for expats
On November 30, 2022, Dubai was ranked second in the world ’ s cities in the “World ’ s Best Destinations for Residents, 2022 ” index for cities, also known as“ Expiat Insider, 2022 ” issued yesterday by the German institution “Internations ” specialized in research related to the quality of living in various countries of the world.
The Best Destination in the Top 100 Tourist Cities
Dubai concluded the year 2022, retaining for the second year its lead for the Middle East and North Africa, and the second place globally after Paris on the index of the best 100 cities as a global tourist destination 2022, issued by the British institution « Euromonitor International » specialized in market research.
Dubai also retained for the second year in a row as the only city in the Middle East and North Africa in the top 20 on the index.
Dubai has strengthened its presence among the world ’ s top cities in economic performance and business activity, as well as in tourism performance and the flourishing tourism infrastructure, which are the criteria monitored annually by the index to identify the cities of the world that have the best investment and employment potential, while also having the modern advantages of increasing digitization, technological progress and sustainable development.
In the same context, the British platform « City Monitor » specialized in urban affairs, said that Dubai broke world records in the tourism sector this year, through its performance on several key indicators to monitor the tourism performance of various cities of the world since the beginning of the year.
The platform said in a report entitled "What are the most visited cities in the world?", that Dubai comes in the first place globally, which is expected to receive the largest number of international visitors in 2022, thus retaining the achievement achieved last year, when the cities of the world in the number of international visitors received throughout 2021, amounting to 6.9 million visitors.
The report was based on a number of indicators over the past year.
For example, the occupancy rate in Dubai hotels during the first quarter of this year was the highest in the world at 74%.
The report added that there are logical factors that enhance the likelihood of Dubai retaining the lead at the end of 2022, including an increase in the number of countries that dropped travel restrictions due to the COVID-19 pandemic, leading to an expected increase in the number of international visitors to Dubai.
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Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
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General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
84 billion dollars.
UAE records highest number of foreign investment inflows in history
The United Arab Emirates (UAE) recorded the highest number of foreign direct investment (FDI) inflows in its history at 84 billion dirhams ($23 billion) in 2022, despite a 12% global decline in the movement of foreign investment around the world.
Mohammed bin Rashid, Vice President and Prime Minister of the UAE, said in a tweet recently that the UAE is the fourth largest recipient of new project investments in the world with a total of 997 projects.
The United States, Britain and India recorded an 80% increase in new projects compared to the previous year.
He added “Rashid ” through the post, within the results of the World Investment Report 2023 launched by the United Nations Organization for Trade and Development (UNCTAD).
In 2022, the UAE achieved the highest number of foreign direct investment inflows in its history at 84 billion dirhams ($23 billion), despite a 12 percent global decline in foreign investment.

The United Nations Economic Commission for Africa projects that FDI to the continent will continue growing at an average rate of 7-10% annually through 2025.

### Geographical Distribution
Foreign investment in Africa is concentrated in several key regions:
- **West Africa**: Led by Nigeria, Ghana, and Côte d'Ivoire, accounting for approximately 35% of total FDI
- **East Africa**:

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Content: Newsweek launches from the UAE pavilion at the Economic Forum in Davos the results of the first global index to monitor it
UAE ranks first globally in 20 indicators of readiness for future opportunities
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Newsweek Vantage International and Horizon Research Group have released the results of the first edition of the 2024 Global Future Opportunities Index, a report based on the partnership between the UAE government and the two global institutions, which assesses the extent of future opportunities presented by global transformations and the readiness of countries to employ them for future development in their key sectors.
This came during an event held at the UAE Pavilion at the World Economic Forum 2024, held from January 19 in Davos, Switzerland, in the presence of Her Excellency Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future, Nigel Holloway, Director of Newsweek Vantage, Margarita Derznik, Director General of Horizon Research Group, and senior officials from the UAE government and global institutions. The first version of the report was delivered to His Excellency Ohood Al Roumi during the event.
List of best countries
The results of the index revealed the list of the best countries, which topped the overall ranking of the results of the global index of future opportunities for this year, with the United Kingdom ranked first, followed by Denmark, the United States and the Netherlands.
The UAE topped the world in 20 of the indicators of readiness for future opportunities, ranked 23rd globally and the first in the Arab world in capturing the opportunities of future sectors among advanced and emerging economies.
New opportunities
This year ’ s Global Future Opportunities Index identified new opportunities in six future sectors, worth more than $44 trillion globally by 2030 for advanced and emerging economies, in 70 countries, accounting for 90% of global GDP.
The UAE government ranked first globally in responding to changes and second globally, after Singapore in the Future Vision Index, ahead of Britain and South Korea, and second globally in the government ’ s support for the entrepreneurial environment ahead of Singapore, Switzerland, the United States and Denmark, and third globally in the long-term future planning and future strategy of the government.
Home of Future Talents
The index also revealed that the UAE ranked first globally in 20 indicators of readiness for future opportunities, where the country surpassed and achieved the first place globally in indicators of flexibility to respond to changes, future policy making and proactive government initiatives, as well as the first globally in the attractiveness and stability of global talent, the number of competitive talents in the working age, and the first globally in the size of the UAE market. The country also ranked first in the world in digital communication indicators, the widespread use of the global Internet, and advanced digital infrastructure for communications, including the speed of the mobile data network, and the number of users and subscribers of mobile services.
Destination of future opportunities
The UAE also ranked first in the Arab world in the indicators of future opportunities, which will be highlighted by future global trends, where it ranked first in the indicators of future opportunities in the circular economy and advanced digital economy (exabytes / big data) and the economy of experience, in addition to the economy of quality of life and the circular economy.
Al Roumi stressed that these achievements reflect the vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, which focuses on enhancing readiness for the future to achieve advanced growth, reflected in the present and future generations, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to develop government capabilities for the future. Therefore, we see the results of the visions and directives of the wise leadership today reflected on the position of the country in the global indicators of readiness for future opportunities, thanks to the efforts of national federal and local teams in various sectors.
Performance Improvement
“Emerging trends are creating new opportunities for countries, governments and businesses to improve their development performance, to serve the growth of economies and provide new opportunities for generations, and we are facing future opportunities, valued at more than $44 trillion by 2030, ” she said.
She pointed out that the Global Future Opportunities Index represents a global reference for governments and decision makers to understand the changes and opportunities ahead in the next decade, and an important indicator to enhance the readiness of countries to benefit from future transformations and opportunities for the benefit of present and future generations.
Great opportunities.
Nigel Holloway, Managing Editor at Newsweek, said: “The Global Future Opportunity Index focuses on significant opportunities waiting for countries and companies over the next few years, with challenges such as ignoring these opportunities and wasting trillions of dollars in value added. The Global Future Opportunity Index provides a framework for analyzing long-term investment priorities that private and government decision makers must consider when charting a path to human development. sustainable all over the world. ”
Margherita Derznik, Managing Director of Horizon Research Group, said: “The Global Future Opportunity Index is a new way to see countries ’ growth and competitiveness through the lens of the six transformations underway and the opportunities they produce. These transformations. ”
Future economic opportunities
The first transformation, the Advanced Digital Economy (or Exabyte Economy), provides $17 trillion in total value of opportunities by 2030, where technological solutions will evolve rapidly with the spread of 5G technology and increased connectivity in the future.
The second shift looks at communities ’ interest in experiences and the provision of personalized services, commensurate with the changing needs of customers within the “Experience Economy: From Ownership to Use ”, where the value of the economy based on the culture of use and experience will exceed $17 trillion by 2030, as individuals tend to enjoy life experiences instead of buying products, through experience tourism and the use of virtual reality experiences, which are increasingly sophisticated and efficient.
The third shift, “Quality of Life Economy, ” holds many future opportunities, due to the increasing interest in physical and mental health, which will increase in the future as a result of the adoption of new approaches to the concept of quality of life at various levels, where the value of opportunities in this economy is expected to exceed $9 trillion by 2030.
The fourth shift is the “circular economy ”, which will open the door to market opportunities estimated at $4.5 trillion, where in the future it is expected to increase public awareness of the importance of preserving the environment and reducing waste through the rational use of resources, opening up new opportunities for the circular economy and recycling.
The fifth shift focuses on “carbon neutrality, ” and the index predicts that the resulting opportunities will exceed $4 trillion by 2030, due to the large trend of many sectors towards investing in energy-efficient technology such as batteries, electric vehicles, energy-efficient buildings and others.
The sixth shift will focus on the “Biotechnology, Biomaterials, and New Agricultural Systems Economy ”, which will promote the emergence of new opportunities for various sectors globally, with a value of more than $1.7 trillion for biotechnology-related opportunities, as rapid advances in biomaterials, plant science and synthetic biology are expected to contribute to qualitative achievements in various fields, fuel refining and others.
The Future Opportunities Readiness Index measures the ability of countries to exploit the potential generated by future transformations to achieve future growth by examining three main areas of readiness. The first is the strategy and policies of the future government, the extent to which future transformations are led and the level of implementation. Infrastructure, systems, policies, legislations, talents and institutions to employ future opportunities.
5000 Executive Directors
The index is based on publicly available global data from reliable sources such as ITU, the United Nations Intellectual Property Organization, the World Economic Forum and the World Bank. Indicators were developed for emerging areas such as data policies and artificial intelligence. More than 5,000 business executives were surveyed about government policies and the potential for future industry trends.
6 Future sectors
“The advanced digital economy (or exabyte economy) of big data, ” $17 trillion in total value of opportunity.
Communities ’ interest in experiences and personalized services that match changing needs, $17 trillion by 2030.
The “quality of life economy ” has many future opportunities, due to the growing interest in physical and mental health, $9 trillion by 2030.
The “circular economy ” opens the door to market opportunities estimated at $4.5 trillion.
Carbon Neutrality: The resulting opportunity value is expected to exceed $4 trillion by 2030.
"The economy of biotechnology, bio-materials, and new agricultural systems", $1.7 trillion.
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Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?

Which African countries are driving the venture capital ecosystem?

Which countries are preferred FDI destinations in Africa?