Increasing Agricultural Productivity:
Encouraging Foreign Direct Investments in the COMCEC Region
40
This section examines the FDI trends by all companies investing in the 57 different COMCEC
Member Countries between January 2003 and December 2012. This analysis includes estimated
values on capital investment and the number of jobs created in cases where information was not
available at project announcement. Table 13 illustrates a summary of the headline agricultural
FDI figures.
Table 13: Headline figures for all COMCEC Member Countries (2003-2012)
Headline
Number of FDI projects 371
Total jobs created 115,910
Average project size (jobs) 312
Total capital investment USD 45.2 billion
Average project size USD 121 million
Share of Global projects 0.3%
Source: FDI markets
Between January 2003 and December 2012 a total of 371 FDI projects were recorded in the
COMCEC Region. The largest number of agricultural FDI projects was announced in 2011, with
51 projects that year, while the average project size (i.e. 189.3 million USD) also peaked in that
year. The annual number of FDI projects shows resilience after 2010, with 2011 results (i.e. jobs
and capital) exceeding previous record year 2008. Encouraging is the fact that the average
number of jobs created per FDI project in 2011 and 2012 is picking up again and remains fairly
stable around 400.
Table 14: Agricultural FDI Trends by year in the COMCEC Region (2003-2012)
Year
Number of
projects
Capital investment Jobs created
Total(USD m) Average(USD m) Total Average
2012 44 3,887.40 88.40 17,530 398
2011 51 9,654.70 189.30 20,708 406
2010 38 3,761.30 99.00 12,979 341
2009 46 5,863.40 127.50 12,471 271
2008 48 7,548.30 157.30 20,225 421
2007 29 2,891.00 99.70 6,040 208
2006 29 4,938.60 170.30 11,075 381
2005 25 1,978.90 79.20 4,917 196
2004 22 2,472.10 112.40 4,796 218
2003 39 2,207.10 56.60 5,169 132
Total 371 45,202.90 121.80 115,910 312
Source: fDi Intelligence from The Financial Times