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FINANCIAL NEWS
FDI in GCC States hits USD431bn
26 Oct 2016
(MENAFN) Foreign Direct Investments (FDIs) in GCC countries increased in the last 15 years, while it has increased from USD30bn in 2000 to USD431bn in 2015.
Moreover, FDI in industrial projects in Qatar reached almost 20 percent of the whole investments in its industrial sector.
Accordingly, the average annual growth rate of FDIs in the GCC was two times bigger compared to the rest of the world; almost 19 percent in GCC States.
Saudi Arabia attracted 52 percent of the cumulative foreign investments, given its large economy and absorptive capacity.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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