Objectives

The ultimate goal of EUROMED Invest is to boost private business and investment within the Euro-Med area to contribute to an inclusive economic development of the region.
 

The specific objective of the project is to empower Euro-Med business and investment networks to implement targeted strategies supporting the creation and the international development of micro, small and medium-sized enterprises in order to boost private business and investment within the Euro-Med area.

 

Sectors

EUROMED Invest targets the most promising sectors for job creation and economic spillovers to contribute to an inclusive economic development of the region. Such sectors are: agrifood, transport & logistics, cultural & creative industries, water & green energies and tourism.
 
In these fields, Southern countries have a strong potential in terms of ressources (renewable energies, agrifood) or specific assets (tourism, 30% of global container traffic in the Mediterranean, etc.), as well as important challenges to undertake (agrifood dependance, shortages and bad management of water ressources, urban development, sustainable tourism, etc.).

 

Target groups

The target groups of the project are a combination of private and public sector organisations as well as business associations from the EU, South Mediterranean countries, and potential EU candidate countries: investment promotion agencies, SME development agencies, chambers of commerce and industry, business support organisations, private sector associations, private and public investors and company financers, diaspora networks, women entrepreneur networks, etc.

 

Beneficiaries

The final beneficiares are the 40 million MSMEs, as well as new and young entrepreneurs from the European Union and the 10 South Mediterranean countries of the European Neighbourhood instrument: Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Palestine, Syria* and Tunisia.
 

* EU cooperation with Syria is currently suspended given the political situation in this country.