UAE draws $100 billion foreign direct investment — The total volume of foreign investments in the UAE, at present a regional base for over 500 international companies, exceeded $100 billion in the past 10 years.
Global Q3 Renewable Energy Technology Investment Totals $70 Billion — According to new figures published Wednesday by Bloomberg New Energy Finance, worldwide investment in renewable energy and energy-smart technologies totaled $70 billion in the third quarter of 2015, sitting just 1% below the same quarter a year earlier. Total asset finance of utility-scale renewable energy projects was down 4% on a year earlier, dropping to $47.3 billion, though small-scale projects (including rooftop solar) saw a 21% increase, to grow to $19 billion.
UAE to invest $35 billion in green energy by 2021 — The UAE’s investments in green energy will reach $35 billion by 2021 as the country aims to reduce its reliance on natural gas for power generation, according to Suhail Al Mazroui, the Minister of Energy. The UAE currently generates 100 per cent of its energy from natural gas, and aims to reduce the figure to 70 per cent by 2021.
China – Between $315-$630 billion green investments per year — China must make green investments of between $315-630 billion per year over the next five years, but the government can only cover 15 percent of that.
The GCC market capitalization declines to $944.1 billion — The Saudi market which recorded a 1.5 per cent fall, still accounted for the largest share of $443.6 billion or 47.0 per cent. Qatar accounted for $167.1 billion (17.7 per cent), Abu Dhabi and Dubai contributed $204.6 billion (21.7 per cent), and Kuwait, Oman and Bahrain contributed $128.8 billion to the total.
GCC investments jump by 14% at $380 billion — Total investment in the Gulf Cooperation Council (GCC) states jumped from approximately $222 billion in 2010 to about $380 billion in 2014, reflecting a compounded annual growth rate (CAGR) of 14.4 per cent. Of this, approximately $158 billion was invested in industrial ventures over the last five years and in expanding existing industries.
Oman's logistic services sector expects $12 billion investments — Oman is rapidly moving forward in the development of economic diversification, in an attempt to go beyond the traditional petrochemicals industry base. It is working on upgrading itself to become a major industry and logistics hub in the region and beyond. The Sohar Port and Free Zone forecasts that investment in Oman’s logistic sector will reach more than $12 billion by 2017.
Qatar plans to invest $35 billion in the United States — The Qatar Investment Authority opened an office in New York to better access new and existing investment partners. The Doha-based fund, which controls more than $250 billion, has deployed the nation’s riches on assets ranging from British bank Barclays Plc to Total SA and commodities trader Glencore Plc, with most of its investments so far confined to Europe.
Kuwait to seek private investment in $36 billion projects — Kuwait will invite private investors to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals. The country has huge construction plans, ranging from power stations and sewage and waste treatment facilities to railway and metro systems.
Bahrain poised to invest $20billion in new projects — Bahrain is set to invest over $20 billion in industrial, infrastructure projects in the coming years, the country’s Economic Development Board (EDB) has said. Dr. Jarmo Kotilaine, EDB’s chief economist, said the projects include a plan to building 25,000 housing units over the next four years.
Turkey: Foreign investment hit $3.39 billion in July — FDI in Turkey reached $3.39 billion in July. From January to July, FDI inflows were $9.71 billion. Net foreign capital inflow was $7.4 billion in the first seven months of the year. Investment from EU countries constituted 63 percent of the overall amount and 24 percent came from Asian economies.
KRG oil exports to Turkey rise 31% in September — The KRG exported 18.6 million barrels of crude oil, an average of 620,478 bpd, in the month of September through its pipeline to Ceyhan port in southern Turkey. In August the KRG exported 14.6 million barrels of crude oil, an average of 472,832 bpd.
Growing Nigeria Aims to Attract Middle East Investment — A population expected to surpass the US’ by 2050, over $30 billion in foreign currency reserves, and a GDP that makes it the world’s 24th largest economy makes Nigeria an ideal place to invest.
Israeli high tech helps Facebook target Africa — Facebook's Tel Aviv development center and Israel's Amos satellite could bring the social network one billion African users.
AfDB approves $120 million corporate loan to Ghana Airports Company — African Development Bank approved a $120 million corporate loan to support Ghana Airports Company Limited’s capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports.
Mauritius eyes maritime projects, Africa links to boost growth — Mauritius has a deal with a Chinese firm to develop a $113 million fishing port and is working with investors on plans to become a maritime hub for Africa, part of its bid to accelerate growth.
Kenya's proposed mining policy seeks to lure investments — Kenya’s mining sector has the potential to contribute about 6.4 per cent to the country’s gross domestic product.
Egypt's stalled $35 billion housing scheme. Egyptians were promised one million homes by 2020 at a cost of about 280 billion Egyptian pounds (Dh131.3 billion, $35.76 billion) and a raft of other projects to help the economy get back on its feet after the political upheaval that followed the 2011 uprising.
Philippines to Modernize Aging Manila Airport, Boost Capacity — Companies will be brought in on 15- to 20-year concessions to invest more than $2.6 billion to upgrade Ninoy Aquino International Airport. That will enable the airport to meet projected traffic of 51.4 million passengers a year by 2037, from about 35 million now.