Spain to Lead a New European Economic Offensive in North Africa
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Spain's coming opportunity in the Med region
Owing to booming oil revenues and aggressive sovereign wealth funds, rich Gulf countries have been leading the way as foreign investors in North Africa since 2003, as well as in the southern Mediterranean zone, displacing western investors.
But the ongoing global economic crisis appears to be reshuffling the cards once again. The southern Med (SoMed) region is also hit by the financial turmoil that started in the US market. As such, foreign direct investments (FDI) moving into SoMed dropped by an estimated 40% in 2008 in value terms to settle at €35.5 billion, according to ANIMA Investment Network. Continue here.
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Comments (1 posted):
Thank you for your interest in ANIMA, and thanks for quoting us, I really appreciate. Could you please send me by email this article quoting ANIMA's figures regarding the FDI flows in 2008 towards Med countries? I can't access to it, unfortunately, it requires a special membership.
Thanks in advance.
Samir Abdelkrim
Project Officer
ANIMA Investment Network
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