Increasing Agricultural Productivity:
Encouraging Foreign Direct Investments in the COMCEC Region
42
Table 16: Agricultural FDI Trends by Destination Country in the COMCEC Region (2003-2012)
Destination country
No of
projects
No of
companies
Jobs Created Capital investment
Total Average
Total (USD
m)
Average
(USD m)
Indonesia 68 55 20,277 298 6,776.70 99.70
Malaysia 50 41 9,561 191 2,304.70 46.10
Turkey 30 27 6,805 226 4,033.20 134.40
Nigeria 22 18 9,183 417 3,227.20 146.70
UAE 21 16 7,600 361 3,282.20 156.30
Egypt 21 20 4,314 205 1,921.70 91.50
Morocco 15 14 3,869 257 1,348.30 89.90
Mozambique 13 13 6,984 537 2,781.10 213.90
Uganda 10 7 2,664 266 594.40 59.40
Côte d'Ivoire (Ivory Coast) 10 10 1,870 187 351.70 35.20
Other destination countries 111 102 42,783 385 18,581.70 167.40
Total 371 279 115,910 312 45,202.90 121.80
Source: fDi Intelligence from The Financial Times Ltd
Indonesia is the top destination country, accounting for one-sixth of projects tracked. Project
volume in this destination country peaked during 2009, with 13 projects tracked. Indonesia has
received the highest number of total jobs and greatest investment with a total of 20,277 jobs and
investment of USD 6.78 billion. Mozambique has the largest project size on average in terms of
both investment and job creation. Turkey, Nigeria and the UAE complement the top five
destination countries.
When allocated into bands, projects creating 100 jobs or more represent the majority of
projects, while projects creating between 25 and 49 jobs represent about one-tenth of projects.
In other words, FDI projects in agriculture are labour intensive and therefore appealing for
countries dealing with high unemployment.