$188m into Mozambique
Portuguese cement manufacturer Cimpor Cimentos plans to invest about $188m in boosting capacity at its operations in Mozambique to meet the growing demand for cement in the country. Cimpor plans to build a clinker production line with a capacity of 1500 tonnes per day at its Dondo unit, which will double production to 550,000 tonnes of cement per year.
COAL, OIL AND GAS
BHP’s $975m into South Africa
BHP Billiton is making a $975m investment in its South African Douglas-Middelburg coal project to extend the project’s life to 2034. The 14 million tonnes a year processing plant and the mining areas it serves means BHP will maintain energy coal exports at current levels while also fulfilling domestic contract commitments. The new mining areas are expected to start producing coal by mid-2008 and the new processing plant by mid-2010.
$1.5bn Qatar development
The Abu Dhabi Investment House and Majid Al Futtaim Group have signed an agreement to start building part of Qatar Entertainment City at a total cost of approximately $1.5bn. The two companies will build more than 50% of Qatar Entertainment City, a mixed-use development in Lusail. The one million-square-metre waterfront development consists of residential, retail and entertainment facilities shared out into districts including an urban environment area, a waterfront boardwalk, a north shore with apartments and hotels with waterfront view, and a south shore comprising hotels, villas and retail with waterfront view.
Aramex expands in Egypt
Global transportation solutions provider Aramex has announced the opening of a state-of-the-art logistics centre in Egypt, a move which is set to enhance its current 5000-square-metre facility and expand its supply chain solutions network in the country. The new 6500-square-metre logistics centre in Cairo will bolster Aramex’s existing presence in Egypt in response to the country’s ongoing economic growth.
Moller boosts Nigerian ports
AP Moller Terminal Limited, a sister company to Maersk Line Nigeria Limited, has invested $235m in the development of Nigeria’s ports. Of the total investment, $140m will be used to upgrade port facilities at Apapa Port, while $90m and $5m respectively will be used to develop Onne Port in Port Harcourt and Lilypond, an off-dock terminal in Lagos.
This investment news and data has been generated by fDi Markets, a crossborder investment tracking service that is part of Financial Times Ltd's fDi Intelligence division www.fdiintelligence.com
MIDDLE EAST & AFRICA FDI (NUMBER OF PROJECTS):
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Source: fDi Intelligence