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FINANCIAL NEWS
FDI in Lebanon falls to USD3.9b in 2011: WB
29 Jul 2012
(MENAFN) The World Bank stated that last year, foreign direct investments (FDI) in Lebanon dropped to USD3.9 billion, compared with USD4.95 billion in 2010, reported Xinhua News.
The decline was attributed to the political turmoil in the Arab region, mainly in neighboring Syria, which raised security concerns amongst investors, especially those who invest in the Lebanese real estate sector.
The WB said that between 2007 and 2010, FDI in Lebanon have expanded to an annual average of 16 percent, nevertheless, the Arab Spring fended off investments.
It is worth noting that in 2011, Lebanon’s share of total FDI in the Arab World and North Africa and Middle East region, which reached USD64 billion, fell to 5.4 percent from 7.7 percent in the previous year.
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