The opening, Monday 20 October, an Office of the French Agency for international investments (Afii) in Abu Dhabi for the entire region of the Persian Gulf is not trivial. The France will take part in the economic dynamism of the Arabian peninsula. "Either in the field of infrastructure, transport, treatment of water, energy, waste, tourism management and aeronautics, the France has recognized at the international level", observed on the spot, Anne-Marie Idrac, Secretary of State for international trade. At the end of a brief visit in the region ("Les Echos" from October 24) accompanied by twenty top managers, it set a goal to have 10,000 French exporters of more in 2012. An ambition that passes through the States of the Gulf, where the France market share eroding for several years. According to figures provided by the French economic mission in the region, this share fell to 3.8 in 2006 compared to 5.2 in 1998, Saudi Arabia. In the Qatar, she was more than 5.9 (excluding aviation) in 2005. The United Arab Emirates, is the lowest since 1998, at 4.1. It is therefore time to curb the trend, as the area displays a strong economic dynamism. Despite the current financial crisis which affected as everywhere else the banks, French businessmen on the spot are little concerned. "This is not part of the world where there are more black cloud", was a major French banker. Moreover, in its latest forecasts dating back to October 20, the international monetary fund provides only a low deceleration of growth. Saudi Arabia, the increase in GDP would increase from 5.9 this year to 4.3 next year. For the United Arab Emirates, the figures are respectively at 7 and 6. They are 7.4 and 6 for the Sultanate of Oman. "The financial crisis will delay at most a few months major projects of the countries of the Gulf", commented an industrial. The political authorities in the region are more concerned about the price of oil as the financial crisis itself. The area with hydrocarbons, except Dubai, black gold is the main variable of adjustment of the project. An index however: the project of Saudi Arabia for 2009 budget table on a price of a barrel of... $ 45.
High speed line
Except oil collapse, many projects in the region should not be questioned. Starting in Saudi Arabia, "the country inevitable in the region," allowing 24.3 billion of foreign direct investment last year against less than 800 million in 2003, according to UNCTAD. The reforms to open up the country know acceleration through the rigorous implementation of the commitments made at the accession of the countries in the world Organization of the trade in December 2005. In total, 500 billion dollars of investments are already planned over the next fifteen years. The most emblematic project: construction of a high-speed railway line linking Mecca to Medina via the port city of Jeddah. Everywhere, in the Qatar, the Arab Emirates, in the Sultanate of Oman projects are not (see below). Remains that the competition is fierce. American, German, British and even Italian companies are. But new competitors from China and India have emerged. "Under the very strong expectation of local actors, you cannot afford the slightest weakness." "You must be the best," concludes a French industrialist.
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