Investment Commitments and the Number of New Projects Decline in the Middle East and North Africa
Private activity in infrastructure in the Middle East and North Africa declined sharply in 2008, according to just-released data from the Private Participation in Infrastructure Project database. Both investment commitments and the number of new pr...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/12/11893318/investment-commitments-number-new-projects-decline-middle-east-north-africa http://hdl.handle.net/10986/10954 |
| Summary: | Private activity in infrastructure in
the Middle East and North Africa declined sharply in 2008,
according to just-released data from the Private
Participation in Infrastructure Project database. Both
investment commitments and the number of new projects
declined, in both the first and second half of the year.
Existing telecommunications operators accounted for most of
the annual investment. The region's share of total
investment commitments in developing countries in 2008 was
less than 4 percent, down significantly from its 7.3 percent
share in 2007. In 2008, 10 infrastructure projects with
private participation reached financial or contractual
closure in six low- or middle-income countries in the
region. These involve investment commitments (hereafter,
investment) of US$2.4 billion. Infrastructure projects
implemented in previous years had additional commitments of
US$3.6 billion, bringing total investment in 2008 to US$6
billion. This level represented a 49 percent drop from that
in 2007 and was the lowest since 2003. |
|---|