Monday, May 17, 2010

FDI in Africa

Algeria – Saudi Arabia: Saudi Arabian investors are looking at opportunities to buy farmland in Algeria, following investments in Egypt and Sudan. Saudi Arabia will import up to 1.2 million tonnes of cereals this year and is cutting its own grain output because of concerns related to water supply, according to the Saudi Arabian Minister of Agriculture.

Africa - Middle East: Signature Group, an asset management company, asserts that there will be a substantial increase in investment from the Middle East into Africa in resources, infrastructure, and related service industries.