Increasing Agricultural Productivity:
Encouraging Foreign Direct Investments in the COMCEC Region
32
important source countries are India, France and the UK. Saudi Arabia is the first and leading
COMCEC Member State with 20 FDI projects, followed by Malaysia with 15 outward FDI
projects.
Table 10: Agricultural FDI Trends by Source Country
Source country
No of
projects
No of
companies
Jobs Created Capital investment
Total Average
Total
(USD m)
Average
(USD m)
Switzerland 34 10 7,084 208 1,671.70 49.20
United States 33 23 9,513 288 1,800.70 54.60
India 31 29 15,940 514 9,299.10 300.00
France 30 23 6,631 221 1,572.80 52.40
UK 23 13 5,297 230 1,133.20 49.30
Saudi Arabia 20 12 8,350 417 5,724.30 286.20
Singapore 18 12 12,314 684 1,670.70 92.80
Malaysia 15 11 2,692 179 867.50 57.80
Spain 14 12 4,795 342 1,693.90 121.00
Japan 12 9 5,582 465 2,793.10 232.80
Other source countries 141 125 37,712 267 16,975.70 120.40
Total 371 279 115,910 312 45,202.90 121.80
Source: fDi Intelligence from The Financial Times Ltd
India, as the third largest source country in terms of number of FDI projects, contributes
significantly to both labour-intensive and capital-intensive FDI projects. Analysing individual
FDI projects at country level helps to further explain these interesting outliers. In the case of
India, there is one landmark deal by the SIVA Group that influences the country’s averages due
to its significant scale, and this project is illustrated in Box 1.