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S napshot Nepal. With the logical conclusion of peace process and promulgation of the new constitution soon, enormous opportunities for economic development exists . Source: CIA world Fact book & Feedback’s Research, 2008. The roadmap to prosperity. Nepal Investment Year 2012-13.
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Snapshot Nepal With the logical conclusion of peace process and promulgation of the new constitution soon, enormous opportunities for economic development exists Source: CIA world Fact book & Feedback’s Research, 2008
Nepal Investment Year 2012-13 Objectives of the Nepal Investment Year 2012-13: • Position Nepal as an attractive destination for investment • Create a conducive investment climate for domestic and foreign investors by addressing policy bottlenecks that have the potential to unlock investments • Promote 50 viable projects (> $25 M) from 5-7 priority sectors • Sign MOUs for 10-15 projects Four High level subcommittees to oversee: Programs, Law and Policies, Investment Promotion and Project Identification
Opportunities for Investments from: India and China POWER India: • Power deficit of est. 75,000 MWs Nepal: • Feasible hydropower potential of 42,000 MWs (1960s survey) • Investments of $ 100 B required – Bank deposits only $10 B TOURISM Nepal: • Rich Natural, Cultural and Religious Heritage • 12 World Heritage Sites; 8 of 14 tallest mountains • Only 2% visit the scenic Western Nepal: A virgin Shangri-la China & India: • 82 Million outbound tourist in 2011
Government Major Political Parties Private Sectors & General Public Financial Sector Foreign Investors Thus, given the current aspiration and opportunities, major players of the economy need to work together towards a common goal
Activities of ABA-Invest in Austria – The Importance of South-South Investments Birgit Reiter-Braunwieser May 2012
ABA-Invest in Austria • Is the official inward investment promotion agency owned by the Ministry of Economy • Provides advisory services for foreign investors • 29 expert staff • International network • Partner organizations in the regions: local support
Facts & Figures • Currently more than 3,000 inquiries and 650 projects in the pipeline • Results 2011 • 183 companies • 296.2 m Euro investment • 1.822 new jobs
Institutional Framework Inward: Outward: Ministry of Economy Austrian Chamber of Commerce ABA > 110 trade promotion offices worldwide
Successful Projects: Investor Countries of Origin 1991 - 2011 Number of projects North South Investment (mill. €) # of jobs created
Investments in Portugal João Pedro Taborda External Relations Director, Europe, Africa and Middle East The importance of South-South investments Investment Policy International Workshop, World Bank Vienna, May 15th 2012
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GLOBAL PRESENCE IS OUR FRONTIER This information is property of Embraer and cannot be used or reproduced without written permission. EMBRAER UNITS Global operations CHINA Beijing Harbin PORTUGAL Alverca Évora FRANCE Villepinte Le Bourget UNITEDSTATES Nashville Fort Lauderdale Melbourne Mesa Windsor Locks SINGAPORE Singapore BRAZIL Faria Lima Eugênio de Melo Gavião Peixoto Botucatu Taubaté ELEB
GLOBAL PRESENCE IS OUR FRONTIER This information is property of Embraer and cannot be used or reproduced without written permission. INVESTMENTS ABROAD Évora First Client
GLOBAL PRESENCE IS OUR FRONTIER This information is property of Embraer and cannot be used or reproduced without written permission. ACTIVITY IN ÉVORA Stabilizers Wing Boxes
South-South FDI Trends and African TNCs - Prof Kevin Ibeh Outline major S-S FDI trends globallymain FDI trends in Africa summary findings on African TNCs
‘South’ OFDI Trends • OFDI from the South reached new highs in 2010 & 11 – 31& 26% of total global OFDI, up from 16% in 07 • South, East and SE Asia OFDI continue on upward path • Transition economies OFDI also trending upward • West Asia OFDI rose in 2011, after a dip in 2010 • L. America and the Caribbean grew 2010 but fell 2011 • Large State-owned TNCs remain vibrant OFDI players • The above reflects strong economic growth/financial resources, increasing regional integration &investment policy liberalization • But are also motivated by the need to acquire resources, secure markets and strategic assets
South-South FDI Trends • Southern FDI directed at other DC&T-economies remain significant (typically accounting for a third of inflows) • These can be: • Intra-regional • 70% of M&A, GFI projects from the South in 2010 went to other economies within their own regions (TNCs from T-economies, W. Asia & Africa offer good examples) • Inter-regional • Developing Asian TNCs accounted for 60% of total FDI to LAAC in 2010 • The BRIC have vast FDI footprints across Africa
Africa’s OFDI Trends • Though insignificant in global or even S-S terms, Africa’s OFDI stock quadrupled in 9yrs, from $29bn in ‘01 to $122bn in ‘10. • South Africa is by far the largest contributor (67% of Africa’s OFDI in 2010, down from 75% in ‘07), but others have contributed as well. Africa’s OFDI (and TNCs) originate from all the sub-regions, but mainly from economies that are growing. • African TNCs are far from insignificant and some have expanded very rapidly in recent years. The largest ones come from the extractive, construction & telecom sectors, but financial services account for the highest proportion • African TNCs seem to be driven mainly by market seeking factors. • Resource/ knowledge seeking motives are also relevant.
African TNCs as engine of Development • African TNCs tend to invest mainly in other African countries, including the conflict affected and fragile states, and are often among the few sources of investments in these largely overlooked African economies. OFDI in other ‘Southern’ and advanced economies are also observed albeit less frequently • African TNCs are creating jobs & making strategic investments across Africa, and some are now being courted by African governments seeking to attract investments • African TNCs are role models and are attracting healthy rivalry from other firms. They could transform private sector development in Africa • African TNCs are contributing to the integration of African markets • African TNCs are affected by the persisting global economic crisis, but most seem to be holding up well