Investments of the countries of the Gulf Cooperation Council (GCC) in the Mediterranean countries reached over 70 billion Euros (about 133 billion dinars) since 2003. 700 investment projects, have benefited from Gulf investors.
According to ANIMA Investment Network, a multi-country platform supporting the economic development of the Mediterranean, the acceleration of these investments especially in 2006-2007 is related to Emirati investments namely in the real estate and tourisms sectors.
The complementarities between needs and resources of Europe, GCC and the Mediterranean countries still argue for the establishment of an integrated model of cooperation with Japan-China-ASEAN (Alliance of South-East Asia).
ANIMA, which gathers more than 70 governmental agencies and international networks in the region, plans to establish relationships of trust with a platform for dialogue, develop small and medium enterprises "which alone will create high added -value activities" and will generate jobs in the next 20 years by an economic initiative in the Mediterranean, involving countries of the European Union, the GCC and the Mediterranean countries.
It also recommends the adoption of a charter for sustainable investment in the Mediterranean.
© Tunisia Online News 2010
