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May 2010 |
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Consult the newsletter on line and/or Suscribe to our newsletter Leading news
Must go! Third Invest in Med Conference and Mediterranean Economic Leader Summit- will take place on 3 & 4 June 2010 in Bacelona, Spain |
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| Ongoing projects | Back to top |
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MedVentures 2010: accelerator of start-ups in the Mediterranean!
MedVentures targets in 2010 the best innovative start-ups in 10 Mediterranean partner countries in order to help them go international. The best 100 projects will be selected by the end of June, in partnership with more than 30 innovation, business and investment networks. The MedVentures finals will take place on 3 December 2010 in Marseille, during the 4th Mediterranean Economic Week. The 3 winners will receive a prize (each one worth between EUR 10,000 and 50,000) and will benefit from international visibility. To participate and get more information: www.medventures.biz |
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Women entrepreneurs in the Mediterranean received by Barack Obama in Washington
The representatives of the Invest in Med projects Young Entrepreneurs, Distrimed and Maghreb crossroads have been invited on 26 & 27 April 2010, to the "Presidential Summit on Entrepreneuship" in Washington in order to testify about their experiences and career successes. The summit which encourages partnerships with Muslim entrepreneurs, was opened by the President of the United States of America, Barack Obama. U.S. Secretary of State Hillary Clinton also made a statement. Contacts have been established for future partnerships with MEPI and Vital Voices. |
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Invest in Med : more than 350 operations over 3 years
The MedAlliance Board meeting took place in Cairo on 21 & 22 April 2010, in the fringe of the Euromed Industry forum. The Invest in Med co-ordination team presented the progress of the programme for the second year of activity: 50 initiatives managed by Invest in Med, more than 350 operations over the 3 years of the programme, and nearly 280 organisations being associated to their implementation. The events - BtoB, trainings, workshops, technical assistance missions - already welcomed over 9,000 participants, among which more than 5,000 enterprises since 2008. [Read+] |
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Paper Med lands in Damascus
After the "Paperex" fair in India, the Paper Med project will be presented in Syria, in the framework of the international fair "Paper One Show ". This event will be dedicated to up-to-date technologies in paper manufacturing equipment, with more than 100 exhibitors from over 30 countries, and 3,000 visitors from April 27-30. On this occasion, Lucca Promos (Italy) will promote the next Paper Med B2B meetings which will be held in Tetouan, Morocco, on 11 & 12 May 2010. [Read+] |
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DISTRIMED 2.0: women CEOs in the spotlight in Tunisia
The MEDINA MED FORUM was held from 30 March to 3 April 2010, in Hammamet, Tunisia, during the women business fair Expofemina2010. Used as the starting point of the DISTRIMED 2.0 initiative, the forum focused on opportunities offered by new distribution channels. Several women CEOs were chosen to participate to the next operations, especially individual coaching towards e-commerce pilot-projects and B2B meetings with international buyers. [Lire+] |
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The first GTZ study on Tunisian Diaspora is on line
The study led by GTZ and the Ministry of Economy and Technology (BMWi) and realised by the Tunisian-German Chamber of Commerce and Industry, is now available on the Invest in Med website. The first module dedicated to the analysis of support services towards Tunisian expatriates focused on social assistance in order to facilitate integration in the country of residence, mobilise financial and knowledge-based transfers and encourage political participation and mobility. [Read+] |
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Business meetings in agrifood and environment on 27 & 28 May 2010 in Marseille
European companies are invited by UNIDO, ADECI and their partner Forum Francophone des Affaires to participate to the BtoB meetings held on 27 & 28 May 2010 in Marseille, with Mediterranean operators in the agrifood and environment sectors (Algeria, Egypt, Morocco, Tunisia). Around 50 collaboration offers have been identified, and meetings are planned with managers, UNIDO experts and local partners: ANDI (Algeria), IDA (Egypt), AMDI (Morocco) and UMAGRI (Tunisia). To access the companies' profile and the partnership offers, click on the specific sector: agrifood and environment. |
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Energy efficiency: launch of the ENER-TECH project in Madrid
On 22 March 2010, the launching meeting of the ENER-TECH project was set up in Madrid on "Technologies towards Sustainable Production in the Mediterranean". The four project coordinators (AMEC, CEEBA, JCI and CCIABML) visited the exhibition centre IFEMA, where the international fair MATELEC will take place in October 2010. The BtoB meetings dedicated to energy efficiency will be organised during this fair and will host at least 40 companies and organisations from the 9 Med countries on 28 October 2010. [Read+] |
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First steps towards the Mediterranean Institute of International Trade
The mission led by the CCI of Tunis in Lebanon, France, Spain, and Turkey since July 2009 is now over. This mission focused on the needs encountered by Mediterranean chambers of commerce and industry and SMEs for having more training sessions. This field work, along with a survey of all chambers of commerce members of the ASCAME network, constitutes the first steps towards the creation of a Mediterranean Institute of International Trade (the ASCAME Business Academy). [Read+] |
| Recent investments in med | Back to top |
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Algeria - Aeronautical, naval & railway equipment Piriou : The company specialised in shipbuilding plans to build a shipyard in a 49-51 joint-venture with the Algerian State in 2010 |
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Egypt - Bank, insurance, other financial services Albaraka banking group: The Islamic bank to raise capital of its Egyptian subsidiary, now called Al Baraka Egypt Bank, to develop its activities and its branch network |
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Israel - Mechanics and machinery Deere & Company: US manufacturer of farm equipment to acquire Beit Hashita Metal Industries - BHC, a manufacturer of spare parts for cotton harvesters and machinery |
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Jordan - Bank, insurance, other financial services Global Emerging Markets (GEM): The investment fund to become a strategic shareholder in local investment company UAIC and in Taameer Jordan's largest real estate company |
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Lebanon - Consulting and services to companies Hewitt: The provider of human resources outsourcing and consulting services to launch a programme on Arab talents and set up an office in Beirut |
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Libya - Tourism, catering Rixos: The Turkish hospitality group to open the Rixos Al Nasr in Tripoli, its first hotel on the Southern shore of the Mediterranean |
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Morocco - Consulting and services to companies Webhelp: The group specialised in customer relationship management to open two new Moroccan call centres in Kenitra and Technopolis technological park in Rabat |
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Palestinian Authority - Car manufacturers or suppliers Renault : The French automobile manufacturer plans to settle in the industrial zone of Bethleem which will open in 2011 |
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Syria - Bank, insurance, other financial services EFG Hermed: The investment bank to set up a subsidiary in Damascus, EFG Hermes Syria,in a 70-30 JV with Syrian businessman Firas Tlass of MAS Economic Group |
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Tunisia - Drugs Mouhannad Aboueid: The Jordanian businessman to set up ActPharma, a company with a drug manufacture near Beja, in partnership with two Tunisian businessmen |
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Turkey - Transport, logistics Coulomb Technologies: The start-up company specialised in charging stations for electric-powered vehicles to establish a 40000-station network throughout the country |
| All foreign investments in the Mediterranean available in the MIPO observatory |
| Business opportunities | Back to top |
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Algeria Total wants to reinforce its presence The French multinational company is considering to invest at least EUR 920 millions in Algeria. [Lire+] |
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Egypt World Bank committed to support Egyptian micro and small companies The Washington-based institution has announced a USD 300 millions loan to Egypt, in order to finance local micro and small enterprises (MSEs). [Read+] |
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Israel IBM wants to reinforce its investments in Green Technologies IBM launches a new development programme in Green technologies in collaboration with the Israeli Ministry of Industry. [Lire+] |
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Jordan Egis Rail won the feasibility study contract of the Amman subway On early April 2010, the Jordan Minister of Transport granted the feasibility study contract of the Amman light subway to a French company based in Lyon for an amount of USD 1.2 billions (EUR 889 millions). [Lire+] |
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Lebanon In 2010, tourism is going to generate USD 12.4 billion according to the World Tourim Organisation Few weeks before the beginning of summer season, the World Tourism Organisation (UNWTO) is expecting that travel and tourism industry should generate in a direct and indirect ways USD 12.4 billions (EUR 9.18 billions) in Lebanon, confirming fair figures recorded in 2009. [Lire+] |
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Libya Libya pledges a return on investments over 50% The financial return average on project should be about 52% according to the Libyan Minister in charged of Industry and Economy, Mr Mohamed Haweij. [Lire+] |
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Morocco The country consolidates its position as a major outsourcing destination Year after year, it proves its attractiveness towards European companies willing to relocate part of their services and production. [Read +] |
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Morocco A French-Palestinian industrial area is going to open in Bethleem in 2011 The French Minister of Industry, Christian Estrosi, laid the foundation stone of the first French-Palestinian industrial area in Bethleem, in Cisjordania on 8 April 2010. [Lire+] |
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Syria The government wants to multiply investments by 2015 The Syrian authorities have established a new development plan which, if well implemented, could generate at least USD 130 billions of public and private investments by 2015. [Read+] |
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Tunisia A new agency promoting IT investments is going to be created soon During the 3rd edition of the forum "Proceed Project Challenge", the State Secretary in charged of Information technologies and the Internet announced the creation of a National Agency to promote IT investments. [Lire+] |
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Turkey Government takes new steps to assist investors In order to facilitate investment and business, Ankara will adopt a set of 55 new measures, to be fully implemented by December 2010. The new measures are expected to dramatically reduce administrative procedures to obtain licence and permits. [Read+] |
| Agenda | Back to top |
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Lisbonne, Portugal From 05-13-2010 to 05-13-2010 - EUROMED GREEN BUILDING B2B Meetings |
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Lisbonne, Portugal From 05-14-2010 to 05-14-2010 - EUROMED GREEN BUILDING workshops: "Green Opportunities" |
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Casablanca, Morocco From 06-28-2010 to 07-03-2010 - Exchange of agrifood expertise between Valencia and Casablanca |
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Alger, Algeria From 05-16-2010 to 05-18-2010 - Strengthening industrial partnership ties in Algeria |
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Bruxelles, Belgium From 05-19-2010 to 05-20-2010 - BtoB meetings between innovative Maghreban and Belgium start-ups |
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Marseille, France From 07-07-2010 to 07-09-2010 - MED-ZONES Training session |
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Casablanca, Morocco From 05-19-2010 to 05-21-2010 - Strengthening industrial partnership ties in Morocco |
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Barcelone, Spain From 06-03-2010 to 06-04-2010 - Mediterranean Economic Leaders Summit - Invest in Med Conference |
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Beyrouth, Lebanon From 06-06-2010 to 06-09-2010 - Introducing the industrial partnership concept into Lebanon |
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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 |