Increasing Agricultural Productivity:
Encouraging Foreign Direct Investments in the COMCEC Region
44
Figure 16: Top Location Determinants: Percentage of Projects Citing Investment Motive
Source: fDi Intelligence from The Financial Times Ltd, Sample: 58 projects.
3.1.4 Firm level FDI assessment
At firm level, a total of 244 companies out of a total 41,869 companies investing in FDI globally,
engaged in agricultural FDI in the COMCEC Region. Given the global count, this number seems
insignificant at first sight. Yet, these companies account for more than 115,000 new jobs and
more than $46 billion in investment. Figure 17 shows the number of companies engaging in
agricultural FDI per year, as well as the percentage of the total sample of companies engaging in
FDI.
Figure 17: Number of Companies by Year and Percentage of all Companies in the COMCEC
Member Countries (2003-2012)
Source: fDi Intelligence from The Financial Times Ltd
As illustrated in Table 17, the top 10 companies accounted for a combined total of 80 projects
(20 percent of projects). Within the past 12 months, four of the top 10 companies have
announced projects, with Olam International being the top investor for this period, with three
44,4
25,9
20,4 18,5
13 11,1
7,4 5,5 3,7 3,7 3,7
Domestic MarketGrowth Potential
Regulations orbusiness climate
Natural
Resources
Proximity tomarkets orcustomers
Infrastructureand logisticsLower Costs
Skilled workforce
availabilityPresence of
Suppliers or JV
PartnersIPA or Govt
support
Finance
Incentives or
Taxes or Funding
Other Motive
34
24 24 27 27
49
40
32
42 38
0,7%
0,4% 0,4% 0,4%
0,3%
0,5%
0,4%
0,3%
0,4% 0,4%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
No of Companies % of Companies