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FINANCIAL NEWS
Arab 2010 FDI flow USD64b
25 Jul 2011
(MENAFN) The Inter-Arab Investment Guarantee Corporation (IAIGC) said that compared with 2009’s USD86 billion, total foreign direct investment (FDI) flow into the Arab world in 2010 dropped by around USD22 billion reaching USD64 billion, reported Emirates 24/7.
IAIGC added that between 2000 and 2010, Saudi Arabia came first with USD130.5 billion of FDI, followed by the UAE with USD75 billion, whereas Egypt came at the third place with USD54 billion.
It also said that in spite of a notable decline in Saudi Arabia’s FDI last year which reached USD21.5 billion down from 2009’s USD36.5 billion, the country accounted for nearly 38 percent of the overall Arab FDI.
It is worth noting that the UAE accounted for around 17 percent of the total Arab FDI inflow reaching USD75.7 billion between 2000 and 2011.
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