2008年-世界发展银行全球_Investment_Commitments_in_the_Middle_East_and_North_Africa_Reached_a_Peak_Level_in_2007_5页_351kb

Summary of Investment Commitments in the Middle East and North Africa (2007)

Core Content

In 2007, investment commitments in infrastructure projects with private participation in the Middle East and North Africa (MENA) reached a peak level since 1990, totaling US$12.8 billion, representing a 7% increase from the previous year. This level accounted for 8% of the total investment commitments to developing countries that year.

Main Points

Investment Breakdown

• Total Investment: US$12.8 billion (7% increase from 2006).
• Payments to Governments: US$4.6 billion (36% of total investment), down from US$5.3 billion in 2006.
• Physical Assets Investment: US$8.3 billion, a 35% increase from the previous year, reaching a record high.

Key Countries

• Egypt and Iraq each accounted for 31% of the total investment.
• Algeria, Egypt, Iraq, and Morocco were the main countries where investment was concentrated.

Project Types

• Greenfield projects (BOO and BOT) were the most common, representing 7 of the 13 new projects and 77% of the investment.
• Concessions (BROT) accounted for 11% of the investment.
• Divestiture (partial) and management contracts were also present, with Jordan's electricity generation company being the only divestiture.

Sector-Wise Investment

• Telecom: 10 countries reported investment, with Iraq accounting for nearly 60% due to the acquisition of new licenses.
• Transport: Three projects were implemented, including airport concessions in Jordan and Tunisia, and a metro management contract in Algeria.
• Energy: Five projects were completed, with Egypt, Iraq, Jordan, and Oman leading the way.
• Water and Sewerage: Four projects were implemented, primarily in Algeria and Oman, focusing on desalination and utility management.

Potential Projects

At least 11 infrastructure projects were awarded in 2007 but did not reach financial or contractual closure by year-end. These include:

• Energy: 2 projects (Algeria's 150-MW hybrid solar-gas plant, Morocco's 470-MW Ain Beni Mathar power plant).
• Telecommunications: 1 project (a new mobile operator in the West Bank and Gaza).
• Transport: 3 projects (Damietta Port in Egypt, Amman-Zarqa railway in Jordan, TGV Tangier-Casablanca railway in Morocco).
• Water and Sewerage: 5 projects (four desalination plants in Algeria, one water utility in Jordan).

Canceled and Distressed Projects

• No projects were canceled or became distressed in 2007.
• Previously canceled or distressed projects represented 4.8% of all infrastructure projects and 1.7% of investment commitments in the region from 1990 to 2007.

Concluded Projects

• No projects were concluded in 2007.

Key Information

• Investment was largely driven by projects that had been in progress since previous years.
• The telecommunications sector attracted the highest share of investment.
• Greenfield projects dominated the investment landscape, especially in energy and water sectors.
• Egypt, Iraq, and Jordan were the top contributors to investment in 2007.
• The private equity share in many projects was high, with 100% in several cases.
• Foreign sponsors played a significant role, including companies from France, Spain, the UAE, and others.