MS Africa & Middle East 2014
09.06.2014
Veronafiere becomes part of the Italian-Egyptian Business Council
The former general and Defence Minister Abdel Fattah al-Sisi has won the Egyptian presidential election, with more than 90% of votes. Markets have reacted positively to the election result: the rates on 2020 Eurobonds fell to 4.85%, the lowest level since December 2010. After years of revolution, the return of stability has already begun to have an impact on the economic situation and the country is more ready than ever to set new projects in motion.
More generally, this confirms the positive trend in the entire African continent: the new Africa Attractiveness Survey 2014 published by Ernst & Young suggests that in 2013 the proportion of direct FDI in Africa has reached 5.7% on a global scale. This figure is the highest for the past decade. In particular, the number of new IDEs increased by 4.7% in sub-Saharan Africa. The average sum for projects also increased, from $60.1 millions in 2012 to $70.1 millions in 2013. Targets for new investments see South Africa retain its role a main player but Kenya, Ghana, Mozambique, Uganda, Tanzania and Zambia are also moving up.
(Source: Sace)
Positive signs of recovery: restarting of the works in the building sector in Egypt
Hotels, banks, a new exhibition centre, a conference centre and management offices for international companies. This and much more will be implemented in the new investment zone created in Giza Governorship.
8,300 acres and investments of EGP 30 billions (corresponding to about $4.2 billions): the project - for which completion is expected within 9 years - will involve public and private organizations including the National Centre for Planning State Land Use, the 6th of October Investors' Association, Giza's Local Development, the Ministries of Investments and Housing, entrepreneurs, investors, trade associations, banks, the Social Fund for Development (SFD) and the Industrial Development Authority (IDA) and also enjoys important collaboration with the Faculty of Engineering of Cairo University.
(Source: Daily News Egypt)
MS Africa & Middle East... work in progress!
The promotional and information campaign for MS Africa & Middle East has started, appearing on the pages and websites of the most important international magazines dedicated to the construction and marble-natural stone sectors. Look out for us on «Stone World», «Construction Europe», «World Highways», «Aggregates Business», «Southeast Asia Building», «Southeast Asia Construction», «Infrastructure Middle East», «ABC Magazine», «Macchine Edili», «L'Informatore del Marmista», «Marmomacchine Magazine», «Marble Trend».
