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ALGERIA & MOROCCO – After the visit of MISE positive outlook for Italian investments in North Africa

ALGERIA & MOROCCO – After the visit of MISE positive outlook for Italian investments in North Africa

In September, the visit of the Minister of Economic Development, Federica Guidi, reached Algeri and Rabat, with the aim of strengthening relations and lay the basis for future cooperation in economy and trade between our country and two of the major markets of North Africa: Algeria and Morocco.   Algeria During the meeting in Algeri the Minister of Industry and Mines Bouchouareb presented the main reforms adopted to promote the industrialization of the country by 2020 intended to create a local business environment: reform of the investment code, order of public companies ,...

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UAE – Made in Italy Halal-certified to increase exports to the UAE and Gulf region

UAE – Made in Italy Halal-certified to increase exports to the UAE and Gulf region

It was signed during the last days of Milan Expo 2015 an agreement Italy-UAE on the Halal certification between Accredia (unique Italian accreditation body) and Esma (UAE authorities). The Halal stamp, a quality , supply chain and product certification approved that products are produced with processes allowed by Islamic doctrine. Especially for the food industry Halal certification adds to compliance with Italian and European regulations concerning health and safety. Thanks to the agreement Accredia will issue certifications for application to a variety of categories: the entire food...

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MOROCCO – Open tender for infrastructure to renew the Country

MOROCCO – Open tender for infrastructure to renew the Country

Recently released by the Central Bank of Morocco, to be ultimately confirmed only in a few months, data indicate for 2015 a GDP growth of 4.6%; the Spain ranked as the major trade partner, followed closely by France; the inflation rate is fixed around 1.2%; foreign investment saw a marked increase in the last year (+ 8% in 2014, up to 38% between 2001 and 2013); and, in the end, they reported a decline in unemployment by almost one percentage point (from 9.6 to 8.7%). It is important to focus on the growing trend that is in place for over ten years now. Growth this year is almost double that...

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KUWAIT – Allowed 100% foreign-owned companies in the country

KUWAIT – Allowed 100% foreign-owned companies in the country

Fewer restrictions for foreign investment in Kuwait. That is the aim of the new law on Foreign Direct Investment (FDI), which makes the authorisation process for 100% foreign-owned companies less complex. The Kuwait Direct Investment Promotion Authority (KDIPA), which replaces the Kuwait Foreign Investment Bureau (KFIB), is the body tasked with promoting inward investment. Licenses for foreign investors will be granted after careful assessment of the project’s impact on the local economy. This evaluation will include various parameters, including the transfer of technology and know-how, job...

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MOROCCO – Growing retail, space for local and international brands to open new stores

MOROCCO – Growing retail, space for local and international brands to open new stores

The increasing number of malls creates the space for various local and international brands to open new stores in Morocco retail sector. The department of Trade and Industry in Morocco developed a programme called Rawaj Vision 2020, in which it aims to build modern retail malls in all the key cities in Morocco. In 2011 Morocco opened the Morocco Mall in Casablanca, which is the largest in Africa. Then opened Galerie Talborjt Mall in Agadir in 2012, and Borj Fes Mall in Fes in 2013. In May 2014 a new mall was opened in Marrakech, Carré Eden. Many local and international players are now...

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UAE – Dubai target hub for Italian products

UAE – Dubai target hub for Italian products

In Dubai, the Italian community counts 10,000 people, the largest in the eastern part of the world. The geographic location and cosmopolitan demographic conditions make Dubai a very important target for Italian products, according to the Italian ambassador in the UAE. Speaking to Gulf News on the sidelines of the Gulfood exhibition, the Ambassador Liborio Stellino said that Dubai  “has many important resources that can positively affect our exports,” explaining that these activities include a growing interest in “good food” focusing more and more on quality, a growing...

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