FINANCIAL NEWS

Arab FDI up to USD438.5b in 2005-2010

08 Mar 2012

(MENAFN) The Inter-Arab Investment Guarantee Corporation (IAIGC) said that foreign direct investment (FDI) into the Arab region grew 7 times between 2005 and 2010 to nearly USD438.5 billion, reported Emirates 24/7.

The corporation added that the amount rose from just USD67.2 billion between 1999 and 2004.

It also said that improvement in the investment climate in the Arab world was the main reason behind the increase, adding that over the past 3 years, the Arab League group has recorded around 120 reform procedures in the Arab region.

It is worth noting that reforms also raised inter-Arab investment by around 6 times to USD138.1 billion from USD19.4 billion in the same period.

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