Open SESAME: Science Centre Inaugurated in Jordan

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Jordan’s King Abdullah II (L) attends the launch of The International Centre for Synchrotron-Light for Experimental Science and Applications in the Middle East (SESAME), an international research centre northwest of Amman, on May 16, 2017. PHOTO: Jordanian Royal Court / AFP / HO

Jordan’s King Abdullah II on Tuesday formally launched an international research centre whose members include experts from around the world including arch-rivals Iran and Israel.

The International Centre for Synchrotron-Light for Experimental Science and Applications in the Middle East, known by the acronym SESAME, “is the first research centre of its kind in the region,” said the royal court.

SESAME council president Chris Llewellyn Smith said the centre, located in Balqa province just northwest of Amman, was “the fulfilment of many hopes and dreams”.

“The opening is an occasion to look forward to the science that SESAME will produce, using photons provided by what will soon be the world’s first accelerator powered solely by renewable energy.”

SESAME was set up on the model of the European Organization for Nuclear Research (CERN) — Europe’s top physics laboratory — and construction work on the $100 million centre started in 2003.

It was developed under the auspices of UNESCO and officially came into existence in April 2004.

Jordan was chosen from among five countries for the project, which was funded mostly by the member countries and the European Union.

The project’s website says that SESAME is a “third-generation” synchrotron light source aimed at promoting “scientific and technological excellence in the Middle East”.

Its mission is to “prevent or reverse the brain drain by enabling world-class scientific research in subjects ranging from biology, archaeology and medical sciences.”

SESAME also seeks to “build scientific and cultural bridges between diverse societies, and contribute to a culture of peace through international cooperation in science,” the website says.

Among the project’s members are arch-rivals Israel and Iran, in addition to Cyprus, Egypt, Jordan, Pakistan, Turkey and the Palestinian Authority.

Despite their deep hostilities, experts from Israel and Iran have served two-year terms as vice presidents of the SESAME council.

In 2010, one Iranian member of SESAME, Majid Shahriari, was killed in Tehran, with Iran accusing Israel of assassinating the nuclear scientist.

Seyed Mahmoud Reza Aghamiri served as vice president from December 2011 to May 2014 when Eliezer Rabinovici, a physics professor at Jerusalem’s Hebrew University, replaced him.

Members Cyprus and Turkey also do not have diplomatic relations, like Iran and Israel.

The centre also has 17 observers, who have an advisory role and include the European Union, China and the United States.

The Jordanian king was given a tour of the facility on Tuesday and was briefed on the technology used there, the royal court said in a statement.

Synchrotron uses a high-resolution X-ray to delve below the surface and identify minute details.

The centre has three accelerators that can propel electrons up to 2.5 billion electron volts.

“In building SESAME we had to overcome major financial, technological and political challenges,” SESAME director Khaled Toukan said.

Originally published by AFP.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
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Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Egypt’s Suez Canal revenue $853.7 million in April and March: statement

FILE PHOTO: A cargo ship is seen crossing through the New Suez Canal

A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. REUTERS/Stringer/File Photo

Egypt’s revenue from the Suez Canal was $853.7 million in April and March, 4.1 percent higher than the same period a year earlier, the Suez Canal Authority said in a statement on Wednesday.

The statement did not give a breakdown for April but Suez Canal Authority Chairman Mohab Mameesh said on March 31 that revenues came to $423.9 million in March.

Officials from the authority were not available for comment.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.

Egypt has been struggling to revive its economy since a 2011 uprising scared away many tourists and foreign investors, key sources of hard currency.

Originally published by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

MENA Region Has More Than 5.7 Gigawatts Solar In Pipeline

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Middle East and North Africa remains hotbed of solar power development with more than 5,700 megawatts of capacity under development.

The Middle East Solar Industry Association (MESIA) recently reported that eight countries in the region have more than 4,050 megawatts of solar photovoltaic power capacity under development. Adding concentration solar power capacity increases the pipeline to 5,700 megawatts.

MESIA notes that 885 megawatts capacity is currently operational across the region. 3,618 megawatts capacity is under construction. Projects being executed in Morocco, Egypt and United Arab Emirates  (UAE) likely contribute the most in this segment.

Morocco has several solar power projects operational at its Noor-Ouarzazate complex. In the UAE, 100 megawatts Shams-1 CSP project is operational and remains the largest project in the country. Construction on 200 megawatts solar PV capacity at Mohammed bin Rashid Al Maktoum Solar Park is at full swing while construction on another 800 megawatts at the same park is expected to begin soon. A 350 megawatts solar PV project was awarded in Abu Dhabi; the project will be expanded to 1,200 megawatts in the near future.

Construction of 1,800 megawatts solar PV capacity is underway at Aswan, Egypt. Agreements by several foreign companies have been signed already.

Jordan is seeing increased activity in the solar power market with several projects under construction. The government there is planning to launch more tenders soon.

Smaller countries like Oman and Kuwait are also planning large-scale solar power projects.

The new entrant in the region’s solar power market will be Saudi Arabia. The country has announced plans to issue tender for 300 megawatts of solar power capacity soon.

Originally published by CleanTechies.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Cybercrime Gang Targeting MENA Governments’ Organisations – Security Advice by CWIIL Group

Kaspersky Lab has warned of an increase in activity by an Arabic-speaking cybercriminal group which targets government organisations in the MENA region.

The ‘Gaza Cybergang’ has been active since 2012, but has been particularly active in the second and third quarters of this year.

The attackers focus on government entities, especially embassies, primarily targeting IT and incident response staff by sending them malware files. The group has attacked government entities in countries including Egypt, the UAE and Yemen.

The Gaza Cybergang actively sends malware files to information technology (IT) and incident response (IR) staff. Kaspersky Lab experts suspect that the reason behind targeting IT personnel has to do with the fact that they are known to have more access and permissions inside their organisations than other employees, mainly because they need to manage and operate the infrastructure.

Similarly, IR staff may be targeted for having access to sensitive data related to ongoing cyber investigations in their organisations, as well as special access and permissions enabling them to hunt for malicious or suspicious activities on the network.

Despite the fact they are targeting high-level entities such as government bodies, the Gaza team uses well-known remote administration tools (RAT) – XtremeRAT and PoisonIvy – spreading infections via phishing scams. Using simple infection tools, they successfully hit their targets with crafted social engineering tricks, using special file names, content and domain names that help the group in their hunt for targets.

“According to the list of targets, which includes government entities in the Middle East and North Africa region, we’re witnessing politically motivated cyberattacks. By gaining control of computers with greater access to the system, the cybercriminals increase their chances of stealing valuable information and are much more likely to cause significant damage. As attribution is the most complicated – often impossible – task when analysing a malicious cyber-campaign, we don’t as yet know who is behind it,” said Mohammad Amin Hasbini, senior security researcher, Global Research & Analysis Team, Kaspersky Lab.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to security ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable security advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Now Is The Right Time To Invest In MENA’s Tech Scene – Investment Advice From CWIIL Group

Away from the screaming headlines about gloom and doom in the Arab world is the rarely told story of a trend whose promise is nothing short of transformative. The rise of the digital economy has, for the first time in decades, turned the region into the site of a remarkable market opportunity that, if tapped, would take it on an entirely new economic trajectory.

With a collective GDP of US$2.85 trillion, the Arab world ranks among the top ten largest economies; larger than that of India, Russia or Brazil. More than half of the 369 million-strong population are under the age of 25, and the burgeoning middle class is young, educated and globally connected. Tellingly, over the past few years the levels of connectivity have been increasing drastically. Between 2007 and 2012, internet penetration jumped 294%, while mobile data traffic grew 107% in 2013, compared to 86% in Asia Pacific, 77% in North America and 57% in Western Europe. Moreover, the recent roll-out of low-cost affordable smartphones in emerging economies is sure to accelerate broadband penetration. Soon, social and mobile technologies will be within everyone’s reach.

Through ever higher connectivity, entrepreneurial activity and easy access to technologies that are lowering the costs and barriers to starting a business, the Arab world is positioning itself as a hub for innovation, disruption and growth. In fact, entrepreneurial vigor is already palpable across various Arab cities, from Cairo to Amman, Dubai to Jeddah to even war-torn Gaza. Startup investments have actually tripled between 2009 and 2012. In co-working spaces, accelerators and university halls, there is a new breed of tech-savvy entrepreneurs who are building products and technologies that are catching up with global trends (digital content and e-commerce) or solving big problems (e-payments, ed-tech, health and green energy). PayFort and Telr are tackling head-on inefficient online payment systems to boost e-commerce, while Nefham, EdraakTahrir Academy and SkillAcademy are using the power of technology and MOOCs to make online education more accessible to Arab youth.

Startups are not just disrupting the education and payment sectors, but also a whole range of markets, from real estate (AqarMap and Property Finder) to food delivery (Foodonclick and iFoodi.jo) to digital and social media marketing (The Online Project) to online recruitment and job placements, (Akhtaboot and Bayt.com) to big data, (Eqlim.com). One of the most interesting is Jamalon, a Jordanian startup that is set to disrupt the archaic Arab book distribution industry.

Digital Arabic content is actually one of the new economy’s most high-performing industries. One study mentions that today’s market size is in billions. Saudi Arabia ranks at number one globally in YouTube views per capita. UTURN, a Saudi startup that produces local, high quality online entertainment, has 286 million views so far. Similarly, Jordan-based creative company Kharabeesh has garnered, to date, around 365 million views and more than three million subscribers.

In fact, digital Arabic content has always been a fertile field for local startups. It is where the real potential of the tech scene first proved itself with the rise and eventual sale of Maktoob to Yahoo! in 2009. After the acquisition, Maktoob’s founders created several new companies including Souq.com, now under Jabbar Internet Group. Maktoob is the story of one successful exit, that helped kick off e-commerce, which today is the region’s fastest emerging market, surging from almost zero in 2008 to $9 billion in 2012. According to a study by PayPal, projections point to robust growth that could well reach $15 billion in 2015.

In the last couple of years, international and local funds have invested more than $250 million in the e-commerce industry. Leading investors, among them Naspers, Tiger Global Management, Rocket Internet, J.P. Morgan, Lumia Capital and Abdel Latif Jameel, have poured funding mainly into Souq.com, MarkaVIP and Namshi. Commonly referred to as the Middle East’s Amazon, Souq.com, founded in 2005, raised a total of $150 million in financing, with the latest round valuing the company at over $500 million.

Yet access to funding is still one of the main challenges startup founders face in scaling their businesses, as indicated by a recent study published by Wamda Research Lab (WRL). According to the survey, of the businesses that received funding between 2009 and 2012, only 21% raised more than $500,000. With 36% of entrepreneurs mentioning the lack of sufficient venture investments as a major barrier to scalability, it is obvious that more startup financing is needed, and investments larger than $500,000 are a pressing priority.

But it is a measure of the dynamism of the digital economy that it has been consistently delivering such an impressive performance in spite of the hurdles. For example, the response from the young startup investment landscape has been rather swift. Among the leaders in this space are incubators and accelerators, such as Oasis500, Flat6Labs and Gaza Sky Geeks, as well as early stage and venture capital funds, such as MENA Venture Investments, DASH Ventures, BECO Capital and iMena. Wamda Ventures is launching a scalability fund focused on growth companies in the internet space. Similarly, Middle East Venture Partners (MEVP) and Silicon Badia have launched funds focused on the same industries.

There are also corporate funds investing in the region’s tech sphere, such as MBC Ventures, STC Ventures and Vodafone Ventures. In parallel, in countries like Lebanon, the Central Bank has allocated $400 million to guarantee up to 75% of Lebanese banks’ equity investments in SMEs, incubators, accelerators and funds.

Significantly, the momentum is not only regional. Rocket Internet and MTN‘s recent partnership to invest around $400M in e-commerce, as well as 500Startups‘ active investment in outfits in Amman and Dubai are just two examples of growing international interest in local tech opportunities. At the same time, the Arab expatriate community in Silicon Valley has been playing an active role in bridging the Middle East and U.S. markets. TechWadi, for one, is leveraging its network to connect the region’s startups with U.S. mentors, capital and accelerators.

Moreover, according to WRL’s mapping, since 2008, there has been a sharp increase in the number of institutions supporting entrepreneurs in the Arab world. Currently, there are over 140 organizations actively working with regional startups. Wamda, Endeavor, Dubai SME and MIT Enterprise Forum Pan Arab Region have facilitated access to knowledge, networks and new markets.

The Arab world’s rising digital economy is dynamic, exciting and ripe for exponential growth. It is the right time to invest in it. Supported by patient capital, Arab startups will run with every opportunity. There will come a day when the next Alibabas will emerge from the Arab World, and if players pool their capital, resources and networks to support the rising generation of tech entrepreneurs, that day will come sooner than we dare hope.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Climate Investment Middle East and North Africa Region – Specialized Advice From CWIIL Group

The Middle East and North Africa (MENA) region holds some of the most advantageous potential for the development of Concentrated Solar Power (CSP) in the world. Countries in the region – Algeria, Egypt, Jordan, Morocco, Libya and Tunisia – are looking to take advantage of this world-class potential through the use of $750 million from the Clean Technology Fund (CTF) in conjunction with large investments from other sources. The investment plan developed as part of the CTF will:

  • Enable the region to contribute to global climate change mitigation;
  • Support deployment of about 1 gigawatt of CSP generation capacity, tripling worldwide CSP capacity;
  • Support transmission infrastructure in the Maghreb and Mashreq for domestic supply and exports as part of Mediterranean grid enhancement,
  • Enabling CSP scale-up through regional market integration;
  • Leverage public and private investments for CSP power plants and other related projects for over $4.85 billion from sources;
  • Support energy security, industrial growth and diversification, and regional integration in the MENA region.

The Investment Plan is designed around deployment of about 10–12 commercial scale power plants to be constructed over a 3–5 year time-frame. The scale of investment will attract private sector partners, result in economies of scale and cost reduction, and promote learning from diverse operating conditions.

Programming Information: MENA Region’s CTF Programming

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Middle East & North Africa :
Email : mena@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

New Business Opportunities For Expanding in the Middle East – Specialized Advice From CWIIL Group

Many foreign entrepreneurs say that the Middle East is a “land of promise” for expatriates and even companies wishing to do business in the region. However, there are several drawbacks. Unlike Asian and European markets, it does not have a steady supply of trained manpower. The people are not industrious compared to other populations. Employees do not come cheap. Thus, entrepreneurial risks are greater.

The Middle East is composed of seven countries which are the top oil manufacturers in the world. However, it seems like the oil surge has made ordinary business standards look inappropriate. Too much wealth erased the need to obtain qualifications or craft smart business decisions. Yet, the economies of nations like the United Arab Emirates, Kingdom of Saudi Arabia, Bahrain, Iran, Kuwait, Qatar, Oman, and Yemen are booming. They offer numerous stimulating investment and trade prospects for investors and exporters.

According to a private research study, the Middle East affords potential investors with considerable growth prospects in the defence, maritime, automotive, energy, and chemical industries. Incidentally, statistics released by the International Monetary Fund through its World Economic Outlook Database disclosed that the export value of Middle East was roughly USS1.13 trillion by the end of 2012. This was approximately 6.2 percent of the total worth of global exports. The combined Gross Domestic Product of all Middle Eastern nations was about US $3.96 trillion during the same year.

Opportunities in Top Five Countries

Let us take a look at various investment opportunities in 18 Middle East countries that can help spur exports in the region:

Saudi Arabia is the biggest producer of crude oil worldwide. Despite this stature and riches, the government continues to encourage private sector expansion to reduce the nation’s reliance on oil and increase job opportunities for the country’s growing populace. The Saudi Arabian government offers multiple incentives to foreign investors. The top industry right now is Agriculture.

The climate and terrain does not support much food production. Therefore, most agricultural crops are still imported from neighbouring countries. The only produce that thrives despite the arid and hot weather includes barley, wheat and date palms. There is more demand than supply so you may want to start an enterprise that imports fresh produce from other countries. The other sector is real estate. There is increasing demand for residential units and other buildings as the economy and population keep on growing. The opportunities for property investors are simply overflowing.

The United Arab Emirates specifically the trade capital (Dubai) is a business core. It provides hassle-free access to consumer markets in other Middle East nations, Commonwealth of Independents States, Africa, West Asia, and Eastern Europe. Starting a business at the UAE is not difficult. The progressive administration maintains lenient policies and gives incentives for foreign entrepreneurs. Taxation is nearly non-existent except for tobacco processing, oil and banking. Besides, it formulated a long-term plan that concentrates on growing start-ups.

The foremost industry is construction. The UAE needs engineers and other professionals in the construction and building sector. You can also form businesses that produce or sell raw materials for these two industries. Oil and gas spearhead the country’s economy. There is sufficient room to take in new investors. One option is to begin your businesses from scratch or team up with existing ventures.

Kuwait used to have a law stipulating that any investor should have a local partner with a minimum of 51 percent business equity. However, the enactment of the Foreign Direct Investment Law (8/2001) led to more relaxed requirements. Foreign companies were allowed to incorporate even without a Kuwaiti partner. Foreigners are allowed to participate in industrial activities but not oil/gas exploration and production. So far, the recommended sectors are construction and infrastructure particularly in energy, communications and drainage systems. The other is information technology and development of software applications.

Bahrain boasts of a modern regulatory and legal structure, open border policy, infrastructure, and highly educated workforce. In short, the country has all the basics making it attractive to investors. The most ideal investment opportunity is the petroleum industry particularly processing and refining. A second alternative is transportation. Bahrain is an excellent location for shipping consignment in and out of the country. This is free of tax. It is a trans-shipment port which is the main reason for the presence of many businesses in the country.

Qatar is a relatively small country but the economy is very strong. Policies are also friendly to investors. The first opportunity you may want to put in resources is the manufacture and marketing of building materials for local consumption. This is lucrative since buildings are constructed every day. Information technology is a rewarding business because there is a scarcity of IT specialists in this country.

Prospects in Other Countries

Cyprus has evolved into a reliable global business hub particularly in the services sector. The shipping business can be a good choice because the country ranks among the foremost maritime nations worldwide. Cyprus merchant vessels represent 16 percent of the fleet with European Union flags. The banking industry is also flourishing with a broad range of local and global services like insurance, investments, mutual fund management, and asset administration.

The strict investment policies in Egypt have been relaxed. Businessmen looking at Egypt should consider the cluster of petroleum, energy generation and transmission, information technology, and telecommunications. On the other hand, tourism is the biggest earner in terms of foreign exchange and employs over 10 percent of the Egyptian workforce.

Iran has an abundance of business opportunities. With a population of 78 million and second biggest gas reserves in the world, this country is one of the first three consumers of Muslim food in the Middle East valued at 77 billion one year ago. Iran is also the second largest market for Muslim clothing.

Israel is another very small but highly developed nation. The Jewish nation has become very competitive in the information technology and pharmaceutical sectors.

Lebanon is the main trading partner of the United States, Italy, Germany, France, and China. Starting an enterprise is rather easy although corruption can be a problem. Nonetheless, opportunities are focused on the electricity sector as well as oil and gas exploration.

Business potentials in Northern Cyprus include retail, restaurants, water sports, construction, property management, and real estate.

It is necessary to undergo a long process and submit numerous requirements if you want to launch a business in Oman. However, the primary investment areas in the country consist of tourism, infrastructure and public utility services.

At the recent Palestine Investment Conference (2010), business leaders and private entrepreneurs met regarding potential businesses in the fields of tourism and manufacturing which are the top two. Other sectors were information and communications technology, housing, agribusiness, environment, and tourism.

Turkey has the 16th largest economy in the whole world and the sixth in Europe. The country has a high-growth market with construction and information technology as the top two profitable enterprises for foreigners.

Conclusion

Indeed, there are limitations for entrepreneurs who want to start a business anywhere in the Middle East. Political and economic transformations have opened and closed doors for businesses. Despite the risks, corporations, as well as small and medium enterprises, remain open to options.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all matters relating to investment ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

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For Further Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
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