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Leading news

Invest in Med 3rd request for initiatives: 11 new Mediterranean business projects selected
Out of the 37 initiatives received, 11 have been selected on January 21st by the MedAlliance executive committee. These initiatives target 8 strategic sectors for the development of the Mediterranean, with a special focus on energy efficiency/renewable energy as well as distribution and logistics. More than 50 business and economic development organisations from 7 European and 9 Med countries will work in consortia all along 2010 to deploy around 50 field actions (BtoB meetings, technical assistance missions, trainings, etc. ). This selection take on board newly involved countries such as Palestine, Syria, Lebanon, Estonia, Czech Republic or Portugal.  Leaders are all committed to achieve short and long term competitive results with the objective of developing sustainable trade relationships, investments and  enterprise  partnerships between the two rims of the Mediterranean. A kick off meeting will be organised in Marseille on March 2nd and 3rd, 2010 to officially launch the selected 11 projects (online soon ).  

Further to the workshop on investment by the Algerian Diaspora, held in Algiers on October 25 & 26 2009, 10 investment projects have been selected by the initiative leader, ACIM, to be supported and coached. Entrepreneurs will meet regional partners such as Finances Conseil Méditerranée and ADECI to work on their business plans. More than 400 job creations in Algeria are forecasted over 3 years. [Read+]

The first MovieMed meetings have gathered in Marseille around sixty public and private leaders from the audiovisual and tourism sectors. This meeting represents a major step towards the creation of a Mediterranean network of professionals from the two sectors, thus raising the visibility of the Mediterranean and of its potential to attract foreign productions. [Read+]

After their successful past Invest in Med operation, UTICA is organising,  in cooperation with its German partners (BDA, vbw and the bbw), an information conference on dual vocational training to be attended by more than 50 top executives from the Tunisian public and private sectors. [Read+]

Twenty new Maghrebian entrepreneurs have been trained on startup internationalisation during the CJD training session cycle which started last September. Participants from Morocco, Tunisia and Algeria were provided with the opportunities to develop their knowledge on personalised management and HR coaching tools in a context of internationalisation. Two more trainings are foreseen at the beginning and the end of February. [Read+]

Partnerships and investments development within the paper industry in Algeria were at the core of the Euro-Maghrebian B2B meetings, bringing together one hundred enterprise managers. About 400 B2Bs, a round table, a visit to the first industrial group of the sector, «Tonic Emballage» were organised. More than 30 journalists from main national newspaper and TV channels covered this event.  [Read+]

On the 13th and 14th of January 2010, ANIMA organised a workshop on “Territorial marketing” in Amman, in partnership with the Jordan Investment Board,  gathering around 50 representatives of investment promotion agencies, industrial zones corporations, enterprise development  organisations and business federations. During the workshop, ANIMA unveiled “The Mediterranean Investment Map, the sectoral guidebook on public investment policies in the Mediterranean”.  [Read+]

Etinet launched two market studies on the development of cultural and nautical tourisms in four Mediterranean countries (Morocco, Tunisia, France and Spain). The first study maps the main nautical poles of the partners’ countries, their organisation, specificities, their environmental friendly actions and investment projects. The second study analyses the current Mediterranean cultural tourism offer, the good practices to be disseminated and the opportunities for foreign direct investments. [Read+]

Six movies and documentaries selected for their great potential for Mediterranean territories in terms of economical spinoff and touristic attraction have been presented during the first MovieMed meetings, in Marseille. Three awards have been bestowed : The MovieMed award (high economical potential) has been attributed to Ahmed Atef for his movie El Andalus, the Marseille Provence 2013 award (high artistic quality) to Michel Noll for the documentary “La route des oliviers” and the special mention of the jury to Eric Capitaine for “Le vent à Djemila”.[Read+]

A workshop on the “sustainable management of industrial parks in the Mediterranean” is organised by the French Chamber of Commerce in Morocco, in Casablanca on February 23, and 24. Operators, financers, administrators and users of several industrial parks will work on best practices and recommendations, targeting specific issues such as land property management, setting up of a quality of service, or new offers to be developed. [Read+]

After two successful operations at the end of 2009, Best Med was in the spotlights in Brussels last December. During the first preparatory meeting of the Euro-Med Tourism ministerial conference – due in May, in Spain - Union Camere presented the initiative which aims to promote the development of eco-sustainable tourism in the Mediterranean. [Read+]

BusinessMed-UMCE organises a Mediterranean forum on how to “Create new opportunities for Women within the Mediterranean” with the support and the collaboration of GTZ and CFCNE-UTICA. A special focus will be made on access to finance which is a key issue to develop companies and go international. [Read+]

A new city occupying hundred hectares will be created in 2010 at 50 km in the south-east of Constantine, within the framework of a project in the daïra of Ain Abid. [Read+]

Amman is strongly willing to develop its civil nuclear programme in order to become ‘an electricity exporter’. Jordan, which is deprived of significant oil and gas reserves, has to cope with a growing local demand for energy. [Read+]

Representatives of companies and Spanish and Morrocan officials met last week in order to present the existing investment opportunities in the Kingdom. [Read+] 

From now on, the Syrian legislation will allow foreign investors to acquire up to 60% of Syrian banks against only 49% previously. [Read+]  

According to Tunisian Minister for the Trade and the Craft industry, Tunisia gave its final agreement for the marketing of the car Renault Logan, rise in Morocco. [Read+]

According to Ankara, the privatisation process may generate at least US$10.4bn of revenue this year. But for some analysts, the figures may be underestimated. [Read+]  

The ministry of Trade drew up a negative list of 1,141 products coming from the Member States of the free trade Arab Zone (Zale) he would like to suspend the importation on the Algerian market for one duration from 3 to 4 years. [Read+]

According to many specialists, the traffic through the Suez Canal has dropped in 2009 due to the global slowdown. But there are signs of recovery in 2010.[Read+]

The new indexes, to be launched during the first quarter of 2010, will focus on biomed, energy and communications companies, and will position TASE as a centre for hi-tech companies. [Read+]

Brussels and Beirut have agreed to sign 3 important financial accords, amounting to EUR42m. After years of political unrest, Lebanon is now experiencing a period of stability thanks to the support of the international community. [Read+]  

French BNP Paribas launched on January 22, 2010 his first private bank in Morocco: Bmci-BNP Paribas Private Banks [Read+]

The new institution will reinforce the protection of foreign investors willing to invest in the country. According to the Syrian Investment Authority, this center will strenghten the economic attractiveness of Syria. [Read+]

The president of the Council of the Chambers of Commerce and Industry in Saudi Arabia received a Tunisian delegation led by the president of the UTICA. The objective of this meeting was the creation of a joint venture. [Read+]

With its new Manisa-based plant, Schneider will 'strengthen Turkey’s role as a global production and export base'. [Read+]

The Invest in Med programme aims at developing sustainable trade relationships, investments and enterprise partnerships between the two rims of the Mediterranean. Funded at 75% by the European Union over the 2008-2011 period, it is implemented by the MedAlliance consortium, which associates economic development organisations (ANIMA, leader of the programme), CCIs (ASCAME, EUROCHAMBRES), and business federations (BUSINESSMED). The members of these networks, as well as their special partners (UNIDO, GTZ, EPA Euroméditerranée, World Bank, etc.), gather a thousand of economic actors - mobilised through pilot initiatives centered on key Mediterranean promising niches. Each year, a hundred operations associate the 27 countries of the European Union and 9 Mediterranean partner countries: Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestinian Authority, Syria and Tunisia. www.invest-in-med.eu