|#||Actual Signal Date||Investing Company||Parent Company||Source country||Source State||Source City||Destination Region(s)||Destination Country(s)||Industry Sector(s)||Industry Cluster(s)||Industry Activity(s)||Description||Signals||Data source||Contact name (1)||Position (1)||Email (1)||Telephone (1)||Contact name (2)||Position (2)||Email (2)||Telephone (2)||Contact name (3)||Position (3)||Email (3)||Telephone (3)|
|1||Oct 2018||Silicon Industries Corporation (SICO Technology)||Silicon Industries Corporation (SICO Technology)||Egypt||Giza||Giza||
Democratic Republic of
|Communications||ICT & Electronics||
Egypt-based smartphone manufacturer SICO Technology is seeking to expand
its market reach with plans to enter the wider African market by late
2018/early 2019. The company aims to sell its Nile X smartphone range to
Kenya, Morocco, the Democratic Republic of Congo, South Africa, Nigeria,
Mozambique and Ghana.
|New Investment Strategy||https://dailytimes.com.pk/308398/egypts-first-smartphone-maker-plans-expansion-in-africa/||Ahmad el-Sawaf||Manager (International), Business Development||Mahmoud Ali||Director, Sales|
|2||Aug 2018||Revolution Precrafted||Revolution Precrafted||Philippines||National Capital Region (NCR)||Makati||Africa|Middle East||Egypt|Morocco|Saudi Arabia||Business Services|Real Estate||Professional Services||
Philippines-based Revolution Precrafted Properties, an architect firm
which designs and delivers pre-crafted homes and pavilions, plans to
expand its operations in the Middle East and north Africa. The company
will focus its activities in Morocco, Egypt and Saudi Arabia.
|New Investment Strategy||https://www.arabianbusiness.com/property/401967-the-world-islands-eco-villas-developer-to-open-dubai-office||Robbie Antonio||Chief Executive Officer|
|3||Feb 2018||Pestana||Pestana||Portugal||Portugal||Lisbon||Asia-Pacific|Emerging Europe|Middle East|Western Europe||Morocco|United States||Hotels & Tourism||Tourism||Construction||
Portugal-based Pestana Group, a tourism and leisure group, is to invest
E200m to open 20 new hotels by 2020. Half of the hotels will be in
Portugal and the other half in the US and Europe, with Ibiza and Milan
among possible locations. The company also hopes to expand further in
Morocco, Asia and the Middle East.
|Considering Project (New or Expansion)|New Investment Strategy||https://www.efe.com/efe/portugal-en-espanol/portugal/el-grupo-pestana-invertira-200-millones-de-euros-en-su-expansion-hasta-2020/50001003-3502496||Jose Roquette||Head, Development and Expansion|
|4||Jan 2017||Vezeeta||Vezeeta||Egypt||Cairo||Cairo||Jordan|Kuwait|Lebanon|Morocco|Qatar|Saudi Arabia|UAE||Software & IT services||Life sciences||
Egypt-based Vezeeta, a leader in healthcare IT platforms offering
automated physician, clinic and hospital bookings, has raised $5m in
funding from BECO Capital, Vostok New Ventures, Silicon Badia and
Technology Development Fund. The company currently covers three Egyptian
cities with future expansion plans to integrate additional MENA
countries, moving aggressively into the United Arab Emirates, Saudi
Arabia, Jordan, Lebanon, Morocco, Kuwait, and Qatar by June 2018.
|New Funding/Resources for Expansion||Amir Barsoum||Chief Executive Officer|
|5||Oct 2016||Kribhco Shyam Fertilizers||Krishak Bharati Cooperative (KRIBHCO)||India||Uttar Pradesh||Noida||Morocco||Chemicals||Food, Beverages & Tobacco||Manufacturing||
Kribhco Shyam Fertilizers, a manufacturer of nitrogenous fertilisers and
a subsidiary of India-based Krishak Bharati Cooperative, may establish a
new phosphoric acid unit in Morocco. The company has recently announced
a 50-50 joint venture manufacturing facility in India with Morocco-based
Office Cherifien des Phosphate (OCP) as part of a broader strategic
cooperation between both companies.
|Considering Project (New or Expansion)||Chandra Pal Singh||Chairman, Kribhco Shyam Fertilizers|
|6||Jul 2016||Raya Contact Center||Raya Holding||Egypt||Giza||6th of October City||Morocco|United Kingdom||Business Services||Professional Services||Customer Contact Centre||
Raya Contact Center, an outsourcing services provider and subsidiary of
Egypt-based Raya Holding, is considering establishing two new customer
contact centres in Morocco and the UK. The company has recently opened
new facilities in the United Arab Emirates, Poland and Egypt and aims to
increase its number of employees to 12,000 through additional
investments in 2017.
|Considering Project (New or Expansion)||Medhat Khalil||Chairman|
|7||Feb 2016||Cleopatra Group||Cleopatra Group||Egypt||Giza||Giza||Guinea|Kenya|Morocco|South Africa|Swaziland||Ceramics & Glass|Wood Products||Consumer Goods|Wood, Apparel & Related Products||
Egypt-based Cleopatra Group, a ceramics specialist, plans to invest in a
number of countries across Africa. The company is targeting South
Africa, Kenya, Guinea, Morroco, and Swaziland during 2016, with
investments possibly encompassing large-scale industrial projects.
|New Investment Strategy||Mohamed Abou el-Enein||Chairperson|
|8||Jan 2016||Masdar||Mubadala Development||UAE||Abu Dhabi||Abu Dhabi||Egypt|India|Jordan|Morocco||Alternative/Renewable energy||Environmental Technology||Electricity||
Masdar, a subsidiary of United Arab Emirates-based Mubadala Development,
has indicated that it is considering new investments in Morocco, Egypt
and Jordan. The company has pointed to the strong potential for both
wind and solar power projects. The company has also highlighted India as
a potential growth location.
|Considering Project (New or Expansion)||Mohamed Jameel Al Ramahi||Chief Executive Officer, Masdar|
|9||May 2015||Job and Talent||Job and Talent||Spain||Comunidad de Madrid||Madrid||Chile|Colombia|Morocco|Spain|United Kingdom|United States||Software & IT services||Professional Services||
Spain-based Job and Talent, a social media recruitment platform
operator, has raised E23m ($25.01m) in funding led by Pelayo Cortina
Koplowitz. The company will use the investment to further enhance its
technology, expand its product development team and strengthen its
position within international markets such as Spain, the UK and Mexico,
Colombia, Chile and the US.
|New Funding/Resources for Expansion||Juan Urdiales||Co-Founder|
|10||Feb 2015||Swiss-Belhotel||Swiss-Belhotel||Hong Kong||Hong Kong||Hong Kong||Egypt|Indonesia|Jordan|Morocco|Tunisia|Turkey||Hotels & Tourism||Tourism||Construction||
Hong Kong-based hotel company Swiss-Belhotel plans to enter into new
markets as part of its international expansion plan in the Middle East
and north Africa during 2015. The company is interested in entering
markets including Turkey, Egypt, Tunisia and Morocco as well as grow its
existing presence in Indonesia. It is also in negotiations to enter the
Jordanian market. Additionally, Swiss-Belhotel will open new hotels in
the United Arab Emirates, Qatar, Oman and Iraq.
|Considering Project (New or Expansion)||Noel Massoud||Head (Middle East), Operations and Development|
|11||Dec 2014||Musafir.com||Musafir.com||UAE||Sharjah||Sharjah||Jordan|Morocco|Nepal|Qatar|Sri Lanka|Turkey||Hotels & Tourism||Tourism||
United Arab Emirates-based Musafir.com, an online travel firm, is
considering entering new global markets. The company is eyeing gulf
countries such as Turkey, Morocco, Jordan and Qatar, as well as the
Indian sub-continent including Nepal and Sri Lanka. Musafir.com has
existing plans for new office openings in India.
|New Investment Strategy||Sachin Gadoya||Managing Director|
|12||Oct 2014||Renault||Renault||France||Ile-de-France||Boulogne-Billancourt||Morocco||Automotive Components||Transport Equipment||Manufacturing||
France-based Renault, an automobile manufacturer, is considering
establishing a production facility in Morocco. The factory would produce
engines to help meet increasing production in the country and reduce
import costs. Renault will ensure that there is a strong enough supply
chain on the ground before committing.
|Considering Project (New or Expansion)||Thierry Bollore||Chief Competitive Officer|
|13||May 2014||Dyson||Dyson||United Kingdom||South West (UK)||Not Specified||Algeria|Egypt|Morocco|Nigeria||Consumer Electronics||Consumer Goods||
UK-based Dyson, a global vacuum cleaner manufacturer, plans to gain a
foothold in Nigeria, Morocco, Algeria and Egypt. The company intends to
invest further in R&D to expand its business in emerging markets.
|Considering Project (New or Expansion)||Adam Garner||Manager (International), Distribution|
|14||Aug 2013||Suitsupply||Suitsupply||Netherlands||West-Nederland||Amsterdam||Angola|Kenya|Morocco|Nigeria|South Africa||Textiles||Retail Trade||Retail||
Netherlands-based Suitsupply, a suit and clothing supplier for men, has
indicated plans to expand its international retail portfolio into
Africa. The company is currently evaluating plans to open outlets in
South Africa, Nigeria, Morocco, Kenya and Angola and expects to launch a
dedicated Africa website by September 2013.
|Considering Project (New or Expansion)||Fokke de Jong||Chief Executive Officer|
|15||Jul 2012||Plexus||Plexus||Spain||Galicia||Santiago de Compostela||Colombia|Ecuador|Morocco|Peru||Software & IT services||ICT & Electronics||
Spain-based business technology firm Plexus has announced its
international expansion plans. The company will, in partnership with
other Spanish companies, seek to establish a network of contacts in
Morocco, Peru, Ecuador and Colombia
|New Investment Strategy||Antonio Agrasar||Chief Executive Officer|
|16||May 2012||Toyota Boshoku||Toyota Motor||Japan||Chubu||Toyota||Morocco|Myanmar|Pakistan|Venezuela||Automotive Components||Transport Equipment||Manufacturing||
Automotive component manufacturer Toyota Boshoku, a subsidiary of
Japan-based Toyota Motor, is planning to expand its operations in
developing markets. The company is considering establishing a
manufacturing plant in Myanmar, with developments in the political and
security situation influencing any decision. It is also seeking to
increase its business in Pakistan, Venezuela and Morocco.
|Considering Project (New or Expansion)|New Investment Strategy||Shuhei Toyoda||Chairman, Toyota Boshoku|
|17||Mar 2012||Sonae Sierra||Sonae||Portugal||Portugal||Maia||Algeria|Colombia|Germany|Italy|Morocco||Real Estate||Construction|Professional Services||
Spanish property developer Sonae Sierra has announced that several
countries stand within its focus in 2012. It has highlighted Italy and
reiterated its interest in Germany. Further afield, the company would
like to actively explore further opportunities in Morocco, where it won
a contract in April 2011, as well as Colombia and Algeria where it is
|Considering Project (New or Expansion)|New Investment Strategy||Fernando Guedes de Oliveira||Chief Executive Officer, Sonae Sierra|
|18||Oct 2011||UPS-Aptec||Aegion (Insituform Technologies)||United States||Missouri||Chesterfield (MO)||Morocco||Industrial Machinery, Equipment & Tools||Environmental Technology||
UPS-Aptec, a 51-49 joint venture between US-based Insituform and
Chile-based Allied Pipeline Technologies, has won a 67.3m contract to
install around 135 miles of high density polyethylene (HDPE) liner in
pipelines located in the Khouribga basin in Morocco. This is the largest
single project in the company’s history.
|New Overseas Supplier Contracts||J Joseph Burgess||Chief Executive Officer|
|19||Oct 2011||International Power||Engie (GDF SUEZ) (Gaz de France)||France||Ile-de-France||Paris||India|Morocco|South Africa||Alternative/Renewable energy|Coal, Oil and Natural Gas||Energy|Environmental Technology||Electricity||
Power plant operator International Power, a subsidiary of France-based
GDF Suez, may expand into India, South Africa and Morocco, in order to
meet electricity demand in emerging markets. The company is currently
conducting a strategic review of the Indian market and in South Africa
the company is considering a peaking plant and wind projects. In
Morocco, the company is further along and is actively reviewing specific
|Considering Project (New or Expansion)|New Investment Strategy||Philip Cox||Chief Executive Officer, International Power|
|20||Aug 2011||Solarhybrid||Solarhybrid||Germany||Nordrhein-Westfalen||Brilon||Bahrain|India|Morocco|South Africa|Tunisia|UAE||Alternative/Renewable energy||Environmental Technology||
Solarhybrid, a Germany-based renewable energy company, has announced
that it is in negotiations for joint venture projects and rights to
renewable energy developments in Bahrain, India, Morocco, South Africa,
Tunisia and Abu Dhabi, United Arab Emirates. The company is mainly
involved in the construction and operation of solar-powered photovoltaic
plants and recently set up a new subsidiary company in the US to tap
into the local energy market.
|New Investment Strategy||Albert Klein||Chief Financial Officer|
|21||May 2011||Bombardier Aerospace||Bombardier||Canada||Quebec||Montreal||Morocco|Turkey||Aerospace||Transport Equipment||Manufacturing||
Canada-based aerospace giant Bombardier Aerospace is considering
establishing a new manufacturing plant in either Morocco or Turkey. The
company is considering different kinds of investments in emerging
economies in order to develop its global capacity. No time frame has yet
been announced regarding the possible investment.
|Considering Project (New or Expansion)||Guy Hachey||Chief Operating Officer, Bombardier Aerospace|
|22||Apr 2011||Sonae Sierra||Sonae||Portugal||Portugal||Maia||Morocco||Business Services||Construction||Business Services||
Sonae Sierra, a subsidiary of Portugal-based Sonae, has won a contract
with Marjane and Fonciere Chellah to provide development services on a
new shopping centre complex to be constructed in Casablanca, Morocco.
The company will be involved in market surveys, definition of layouts,
architectural concept and project management for the site, which will
cover 40,700 sq m and is expected to open in 2013. It will be the
company’s first operation in the country
|New Overseas Supplier Contracts||Fernando Guedes de Oliveira||Chief Executive Officer, Sonae Sierra|
|23||Mar 2011||Cimpor||Cimpor||Portugal||Portugal||Lisbon||Morocco|Mozambique||Building & Construction Materials||Construction||
Portuguese cement maker Cimpor plans to explore further opportunities in
Morocco and Mozambique, as well as expand existing operations in
Morocco. The company has operations in Egypt and Tunisia and is
currently constructing a plant in Brazil.
|New Investment Strategy||Antonio Varela||Chief Financial Officer|
|24||Mar 2011||Building Astrom||Building Astrom||Romania||Romania||Pitesti||Morocco||Real Estate||Construction||Construction||
Romanian construction company Building Astrom has won a E34m ($47m)
contract in Morocco. The company will build 12 blocks of flats in a
public-private partnership with the Rabat city hall. The project will be
carried out in two phases.
|New Overseas Supplier Contracts||Marian Dragoi||General Manager|
|25||Jan 2011||Cummins||Cummins||United States||Indiana||Columbus (IN)||Angola|Egypt|Morocco|Nigeria|South Africa||Engines & Turbines||Transport Equipment||Manufacturing||
US-based engine maker Cummins is looking at opportunities to invest $75m
in Africa by 2016. The funds would be invested in building engines used
in sectors such as mining, power generation and oil and gas. Egypt,
Angola, Nigeria, Morocco and South Africa are countries which may be
invested in. The company already has operations in Nigeria and South
|New Investment Strategy||Tim Solso||Chief Executive Officer|
|26||Jul 2010||Grupo ADI||Grupo ADI||Spain||Catalonia||Terrassa||France|Morocco||Transportation||Physical Sciences||
Following the establishment of overseas subsidiaries in France and
Morocco, Spain-based Grupo ADI, engaged in distribution and logistics
for the chemical industry, is considering adding a logistics platform in
France and investing in logistics in Morocco. The company does not
currently manufacture its own products but it is also considering
establishing a production facility.
|Considering Project (New or Expansion)||Jordi Simo||Chief Executive Officer|
|27||Jul 2010||Kansai Paint||Kansai Paint||Japan||Kansai||Osaka||Algeria|Egypt|Morocco|Saudi Arabia||Chemicals||Industrial||Manufacturing||
Kansai Paint, a Japan-based paints manufacturer, is considering further
expansion in the Middle East and North Africa. The company is
considering opening a plant in Saudi Arabia if the market becomes big
enough. It is also considering setting up further plants in Morocco,
Egypt and Algeria.
|Considering Project (New or Expansion)||Syed Ameer Hamza Hasan||Regional Manager, Marketing|
|28||Jun 2010||Volvo Buses||Volvo||Sweden||Sweden||Gothenburg||Morocco||Automotive OEM||Transport Equipment||
Volvo Buses, the bus making subsidiary of Volvo, has received an order
for 400 city buses for Casablanca, Morocco. Delivery of the buses will
commence in September 2010 and will be completed by the close of 2011.
Volvo Buses’ only African presence is in Botswana.
|New Overseas Supplier Contracts||Jan Vandooren||Director (Africa and Middle East), Volvo Buses|
|29||May 2010||United States||California||Mountain View (CA)||Morocco||Software & IT services||ICT & Electronics||Sales, Marketing & Support||
Californian Internet giant Google is considering opening an office in
Morocco. The company has been looking in the country for a suitable
location and has been reported to be considering two sites within the
country- Casanearshore, near Casablanca and a Technopark in Rabat.
|Considering Project (New or Expansion)||Nikesh Arora||Senior Executive|
|30||Jan 2010||Engro Corporation (Engro Chemical Pakistan)||Engro Corporation (Engro Chemical Pakistan)||Pakistan||Not Specified||Not Specified||Algeria|Morocco|Tunisia||Chemicals||Food, Beverages & Tobacco||Manufacturing||
Pakistan-based Engro Corporation, formerly known as Engro Chemical
Pakistan, is to invest $1bn in North Africa. The company intends to
build a phosphate fertiliser plant in the region and is currently
considering three countries for the project: Morocco, Algeria and
Tunisia. The decision is expected to be made in 2010.
|Considering Project (New or Expansion)||Asad Umar||Chief Executive|