Hilbroy Advisory Inc: Arab Spring Sparks Sharp Fall in Foreign Investment: by Jean-Francois Amyot
Montreal, 4 October 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The flow of foreign direct investment into the Arab world is expected to slump by 17 percent in 2011, with countries that saw popular uprisings worst hit, a pan-Arab organisation said today.
FDI inflows into 21 Arab nations are forecast to fall to $55.1 billion this year compared to $66.2 billion in 2010, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said in a report, Jean-Francois Amyot.
Egypt, where mass protests overthrew President Hosni Mubarak in February, is expected to experience the biggest drop from $6.4 billion last year to a mere $500 million in 2011, a 92-percent slide. The most populous Arab nation ended the first six months of the year with outflows exceeding incoming investments by $65 million.
In Libya, where new regime forces are still fighting the last pockets of resistance from loyalists of Moamer Kadhafi, FDI is expected to see an 87 percent slump in inflows this year compared to 2010, the report said.
FDI inflows into Syria, hit by nationwide protests since March, are forecast to shrink by 65 percent from $1.4 billion in 2010 to around $500 million this year.
Bahrain, which is still roiling under the aftershocks of a government crackdown on Shiite-led pro-democracy protests in March, will see a drop of 36 percent, the report said.
Tunisia, which triggered what became known as the Arab Spring with protests in December that led to the ouster of veteran president Zine El Abdine Ben Ali, will see a drop of 21 percent in FDI inflows, the report said.
But seven of the 21 Arab countries covered by the report are expected to witness an increase in FDI flows this year, with OPEC kingpin Saudi Arabia accounting for $29 billion, up from $28.1 billion in 2010.
Iraq is expected to see investment inflows more than double to $3.5 billion this year.
FDI inflows into the Arab world had already been declining in the face of the global financial crisis. They slumped from $95 billion in 2008 to $66.2 billion last year.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
