Thirty four percent of middle east investments in

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Thirty-four percent of Middle East investments in 2016 came from the United Arab Emirates, while Lebanon and Qatar each accounted for 18%. More than half (55%) of these projects involved decision-making centers (first-time investments), while there were also investments in business services and consumer services. Investments by Middle East countries were mainly made in the software/IT services sector (45%), and were most often located in Ile de France (Paris region) (36%). FRANCE AS A RECIPIENT OF MIDDLE EAST INVESTMENT IN EUROPE In 2016, the United Kingdom was the European largest recipient of job-creating investment from Middle East countries, attracting 27% of their projects in Europe, followed by Germany (13%), France (10%), the Netherlands (10%), and Italy (10%). 1 SELECTED INVESTMENT PROJECT IN 2016 INTERNATIONAL FINANCIAL ADVISORS KSCC (IFA HOTELS & RESORTS): Yotel, an 85% subsidiary of Kuwaiti investment group International Financial Advisors KSCC, runs a chain of affordable luxury hotels. The company recently opened at Paris Charles de Gaulle airport’s new terminal 2E in Le Mesnil-Amelot (Ile de France), creating around ten jobs. ADIA: Tamweelview European Holdings, a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA), announced that it was acquiring the Tour Alto, an office project in Paris’ business district La Défense (Ile de France). The project will replace the “Les Saisons” building with an ultra-modern 51,000 sq. m. office tower. GROUP8: Lyon-based Navya, which is developing a driverless, fully electric shuttle bus, announced it had secured €30 million in funding from Qatari family investors Group8 and French firms Valeo and Keolis. The strategic agreement with Group8 includes a contract to market the vehicle in Middle East and African markets, as well a new assembly line in the Gulf region. NAJEM GROUP: Lebanese group Najem, a family luxury construction specialist, particularly using marble, acquired the Noaille estate in Corrèze (Nouvelle Aquitaine) in March 2016 to develop a luxury hotel complex. The project, thought to be worth €8-10 million, has created around thirty jobs. 1 Business France Europe Observatory. * FDI stock in France (immediate investor) as of December 31, 2015. FDI stock by ultimate investor as of December 31, 2014 was €5.3 billion.
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110 / 2016 ANNUAL REPORT - BUSINESS FRANCE Key: > In 2016, 36% of Middle East investments in France were in Ile de France (Paris region); 1% of foreign investments in Ile de France (Paris region) were made by Middle East companies. Key: > In 2016, 55% of Middle East investments in France were in decision-making centers; 2% of foreign investments in decision-making centers were made by Middle East companies. BREAKDOWN OF PROJECTS BY BUSINESS ACTIVITY Number National share Total share* Business activity Projects Jobs Projects Jobs Projects Jobs Decision-making centers 6 40 55% 43% 2% 1% First-time investments 6 40 55% 43% 3% 3% Production / Manufacturing 1 1 9% 1% 0% 0% Business services 2 13 18% 14% 1% 0% Consumer services 2 40 18% 43% 3% 2% TOTAL 11 94 100% 100% 1% 0% * Share of Middle East investments in the total number of investments in each business activity.
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