Arab Today, arab today foreign investment in africa surged in 2014
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Foreign investment in Africa surged in 2014

Arab Today, arab today

Arab Today, arab today Foreign investment in Africa surged in 2014

Heavy investment flowed to Egypt
New York - AFP

Foreign investment in Africa surged in 2014, fueled in part by higher spending in North Africa as worries about the Arab Spring recede, according to a study by Ernst & Young.

Total foreign investment in Africa rose to $128 billion in 2014, more than double the level the prior year, the report said.

The continent accounted for 17.1 percent of global foreign investment in 2014, making it the second biggest region after Asia Pacific, which had 36.2 percent of investment.

Heavy investment flowed to Egypt for major projects, including to expand the Suez Canal, add capacity to Cairo's metro system and build new port facilities.

"North Africa is becoming more attractive for investors as political uncertainty following the Arab Spring is beginning to fade," said James Newlands, a senior partner at Ernst & Young.

Real estate, hospitality and construction comprised the biggest share of foreign direct investment in Africa with about 44 percent, with coal, oil and natural gas second with 25 percent.

The study also pointed to several key perception challenges impeding further investment. Of 501 businesses surveyed by Ernst & Young, 55 percent cited political instability as an obstacle to investment.

Other major barriers include corruption, weak security, the lack of infrastructure and the lack of skilled workers, according to the survey.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign investment in africa surged in 2014 Arab Today, arab today foreign investment in africa surged in 2014

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign investment in africa surged in 2014 Arab Today, arab today foreign investment in africa surged in 2014

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday