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1. Investment Trends Africa and Middle East November 2011
Indalytics
Advisors
Infrastructure
November 2011
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© 2011, Indalytics Advisors Private Limited I www.indalytics.com I gci@indalytics.com

2. Global Competitive Insights Infrastructure November 2011
About Global Competitive Insights
Global Competitive Insights (GCI) are monthly reports, which discuss the latest activities taking place in
a particular sector, across the globe. The reports are published with an objective of providing all the
latest and relevant information to the readers in a concise format.
The objective of GCI reports is to keep the readers abreast with the developments in the concerned
sectors, while saving their time and resources in compiling all the data and extracting information of it.
The reports are ideal for:
Organizations / CEOs who want to know the latest developments in the sector to find
opportunities
Consulting firms / Consultants who want to know the latest trends and opportunities
that are taking shape in the sector
Analysts / Market research firms who track the sector for their end clients
Other readers who follow the sector for updating their knowledge
In order to book your annual subscription of GCI report, please mail us at gci@indalytics.com, or
subscription@indalytics.com, or visit us at www.indalytics.com
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3. Global Competitive Insights Infrastructure November 2011
in the country. The investments will also help
In this Report China in getting the resources, required to
fuel its economic growth.
October 2011 issue of Global Competitive
Insights Infrastructure discusses the
China is further expected to invest in
following latest developments, which have
taken place in the infrastructure sector China will be investing its resources in the
globally. country to build approximately 50,000 homes
in next four years, which would be worth
US$5 billion. Bahrain is expected to witness
increase in Chinese investments as the
China Investing in Other Countries political turmoil in the MENA region is
settling down, and the member countries are
coming up with investor-friendly policies to
attract foreign investment.
State-owned Chinese Development Bank is
infrastructure sector. The bank has signed a
memorandum of understanding with the New Indian Infrastructure Sector Showing
Zealand arm of PricewaterhouseCoopers to Promising Future despite Slow Growth
invest in Christchurch reconstruction
projects. Besides Christchurch, the bank will
also be investing in the NZ$2.4 billion
Indian infrastructure sector has witnessed a
(US$1.97 billion) inner-city rail loop and
slow growth rate in August 2011. The eight
second harbor crossing in Auckland, and
core industries, which make up the Indian
other infrastructure projects related to
infrastructure sector, witnessed an annual
property including roads, bridges and
growth of 2.3% in September 2011 from a
buildings.
year ago, as against annual growth of 3.7% in
August 2011. The eight core industries
which comprise of coal, crude oil, natural gas,
China is also investing US$2.5 billion in South refinery products, fertilizers, steel, cement
and electricity
factory output, and the slowdown in their
partner, is looking to invest in projects such growth is seen due to tighter monetary policy
as energy, roads and other bulk infrastructure
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4. Global Competitive Insights Infrastructure November 2011
by the government of India, which has led to generate approximately 50,000 jobs per year,
decrease in demand. over the next 20 years.
Despite the slow growth, private equity fund, Canada will be investing approximately CA$2
million (US$2 million) through transport
infrastructure sector. The fund, which has Canada, on the Wabush airport. The
over 15 investments, and US$2.8 billion government will be spending the amount on
deployed in the country, is focusing on the roof restoration for air terminal and
power sector. In last one and a half years, the maintenance buildings, and South Airport
fund has made investments in Visa Power, Terminal Parking upgrade.
Monnet Power and US$300 million in Moser
so far in India by the fund.
India Easing Regulations for
Infrastructure Sector
Canada Expected to Invest in
Infrastructure central bank, Reserve Bank of India
(RBI) has allowed Indian infrastructure
companies to raise Chinese Yuan-
infrastructure sector possesses denominated debt. The debt can be raised
investment opportunities in near future. through the approval route, subject to an
According to economists, as the country is annual cap of US$1 billion, pending further
expected to have an infrastructure deficit of review. Further, according to the guidelines,
more than CA$300 billion (US$302.3 billion), the approval will be valid for a period of three
there will be opportunity for private firms to months from the date of issue of the approval
enter the sector under the public private letter, and the loan has to be executed within
partnership. The Canadian Imperial Bank of the same period.
Commerce is also working with the federal
government to launch energy mega-projects,
which can help create jobs in the country.
RBI has also relaxed permissions for Indian
Canada is expected to spend approximately
infrastructure companies. Companies with
CA$180 billion (US$181.4 billion) in the oil
minimum direct foreign equity of up to 25%,
sands and C$50 billion (US$50.4 billion) in the
and indirect foreign equity of up to 51%, will
power sector over the next decade. This will
now be able to raise fund overseas, through
include development in the oil sands,
external commercial borrowing, without
pipelines, power generating stations and
government permission. The cap of ECB
transmission lines, and will help the country
issued by RBI is up to US$5 million.
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5. Global Competitive Insights Infrastructure November 2011
Companies Reacting to Increasing Another African nation, Ghana, has invited
Need for Infrastructure both local as well as foreign investors having
technical or financial capacities to invest in
cou
Growing need for infrastructure has led to government has recently completed the
Mining Sector Support Program, being funded
German industry conglomerate Siemens AG;
by the European Commission, and has
fourth business unit starting October 1, 2011. discovered some new minerals such as
With around 87,000 employees, the unit has phosphate, nickel, chromium, copper lead,
zinc and uranium. As the local mining and
five divisions: Rail Systems, Mobility and
Logistics, Low and Medium Voltage, Smart exploration firms lack the financial and
technical expertise to carry on the
Grid, and Building Technologies.
exploration process on a large scale, the
government is inviting foreign players to enter
the market.
Africa Inviting Countries to Invest in
Infrastructure
Investments Happening in MENA
Region despite Political Turmoil
The African Development Bank (AfDB) has
approved an 8.5-year senior loan for US$45
million to the Emerging Africa Infrastructure
Middle East and North Africa (MENA)
Fund (EAIF). The loan will be used by EAIF to
finance its investment commitments and region is witnessing increased investment in
infrastructure. Financing of the first public-
support private sector infrastructure projects
private-
and infrastructure-related companies in sub-
wastewater sector has been completed by a
Saharan Africa. EAIF, has already approved
over 30 transactions in the region, and has consortium led by Samsung Engineering. With
Invest AD and United Utilities as partners of
infrastructure projects worth approximately
Samsung Engineering, the Muharraq
US$500 million in its portfolio. It had earlier
Wastewater Treatment Plant, involves a
received a senior loan of US$31.25 million
and a US$12.5 million standby loan facility greenfield 100,000 m3/day wastewater
treatment plant and a 15 kilometers deep
from AfDB in 2009. The funding is done from
gravity sewer conveyance system under an
a joint pool of AfDB, Austrian Development
availability based concession structure. The
Bank and the International Finance
Corporation, which amounts to a total of
Capital, which arranged a US$22 million
US$105 million.
financing solution for 22 years through its
teams in the UAE and South Korea.
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6. Global Competitive Insights Infrastructure November 2011
Qatar is also expected to invest expressway (US$27 million), a 3-lane highway
approximately US$80-100 billion by 2016 in in Barwa City, and the Najma road.
infrastructure in order to prepare itself for
the 2022 FIFA World Cup. The government Egyptian private equity firm Citadel Capital
is planning to invest approximately US$45 will be funding a five-year project to improve
billion budget for developing the country's rail transport links between Kenya and Uganda.
and road networks, including US$824 million The firm will invest US$234 million in Rift
for 13 large infrastructure projects across the Valley Railways, which operates 2,352 km of
country through its Public Works Authority, track linking the Indian Ocean Kenyan port of
Ashghal. The projects include the Lusail Mombassa to the Ugandan capital Kampala,
Highway (US$687 million), the Dukhan for a 25-year concession period. The funding
Highway (US$300 million), the Doha will be a mix of both new debt, as well as
equity.
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7. Investment Trends Africa and Middle East November 2011
Organizations Mentioned in this Report
African Development Bank Macquarie Capital
Austrian Development Bank Monnet Power
Blackstone Moser Baer
Canadian Imperial Bank of Commerce PricewaterhouseCoopers
Chinese Development Bank Reserve Bank of India
Citadel Capital Samsung Engineering
International Finance Corporation Siemens AG
Invest AD United Utilities
Visa Power
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8. Investment Trends Africa and Middle East November 2011
Disclaimer
The information contained in this report is of a general nature and is not intended to address any particular
roper care has been taken to provide accurate and timely
information, there can be no guarantee that such information is accurate as of the date it is received or that it will
continue to be accurate in the future. Indalytics Advisors Private Limited does not guarantee that the information
contained in this report is authentic and reliable. No one should act upon such information without appropriate
professional advice after a thorough examination of the particular situation.
In order to book your annual subscription of Global Competitive insights, mail us at gci@indalytics.com, or
subscription@indalytics.com, or visit us at www.indalytics.com.
Publication Volume: GCI-11-011
Publication Date November 2011
© 2011 Indalytics Advisors Private Limited
For further information, please contact gci@indalytics.com
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