Promotion and development of private investments in the Mediterranean: launch of EUROMED Invest Project

EUROMED Invest, with a budget of € 5 million, is one of the main European programs aiming at developing private investments and economic relations in the Euro-Mediterranean area.

The project is coordinated by ANIMA Investment Network within a consortium composed of 6 members: Eurochambres (Association of European Chambers of Commerce), ASCAME (Association of Mediterranean Chambers of Commerce), BusinessMed (Union of Mediterranean Confederations of Enterprises), EMDC (Euro-med Development Center for Micro, Small and Medium Enterprises), GACIC (German-Arab Chamber of Commerce) and EABC (Euro-Arab Business Council).

EUROMED Invest can also count on a network of 79 affiliated organisations from 26 countries including 7 of the 10 South ENI countries that will be mobilised to take part in the implementation of the majority of the project's activities. Moreover several prestigious international organisations are associated to the project: EUNIC, Anna Lindh Foundation, OCEMO, OECD, Agadir Technical Unit for the Mediterranean Free Trade Agreement, AIDMO and UNIDO.

EUROMED Invest primarily targets five key sectors: agri-food, water and alternative energies, tourism, transport and logistics, cultural and creative industries. The program plans to develop more than 127 actions (workshops, surveys, business meetings, mentoring, etc.) in 3 years and in 26 countries.
Different types of economic stakeholders will be benefiting of the activities: investment promotion agencies, development agencies, SMEs, chambers of commerce and industry, professional organisations, clusters, investors and private and public financiers, as well as networks of diaspora and women entrepreneurs from Europe and southern Mediterranean countries.

The objective is to renew the interest of SMEs in the Euro-Mediterranean market, increase investment and business projects flow and ensure that the EU finds its leading position as source of foreign direct investment in these countries.

EUROMED Invest is funded by the European Commission, the Region Provence-Alpes-Côte-d'Azur, the City of Marseilles and the MedAlliance consortium. Official launch of EUROMED Invest from 26 to 28 May 2014 in Marseille - Villa Mediterranean - Palais de la Bourse.

For More information please contact

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    German-Arab Chamber of Industry and Commerce
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    British Egyptian Business Association
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    French Chamber of Commerce in Egypt
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    Delegation of the European Union to Egypt
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    Italian Chamber of Commerce in Egypt