Med attracted $85 bn in FDI in 2013, more than China

Business, financial sectors, digital industry most attractive

16 April, 17:56

    Franco Bassanini, Silvano Cassano, Michele Mario Elia e Francisco Riberas during EY Strategic Growth Forum in Rome Franco Bassanini, Silvano Cassano, Michele Mario Elia e Francisco Riberas during EY Strategic Growth Forum in Rome

    ROME - The Mediterranean area attracted 85 billion dollars of foreign direct investment in 2013, more than the amount destined to China, professional services organisation Ernst & Young said Thursday.
    Despite perceived political instability and lack of transparency, investors interviewed for the BaroMed2015 study consider the 27 countries of the Mediterranean basin to be more attractive than Europe, Africa or Asia.
    Business services, the digital industry and financial services are the sectors offering the greatest investment opportunities, while the companies deemed most attractive for acquisitions operated in telecommunications, media and technology, retail, consumer products and energy sectors, EY said.
    The study was presented at the EY Strategic Growth Forum in Rome examining how to unleash the growth potential of a geographical area that accounts for 15% of global GDP and will have a population of 750 million in 2040.

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