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FINANCIAL NEWS
FDI inflows to GCC down by 35% in 2011
08 Jul 2012
(MENAFN) The UN Conference on Trade and Development’s (UNCTAD) recent report revealed that in 2011, foreign direct investment (FDI) to the GCC region fell by 35 percent, reported Arab News.
The World Investment Report 2012 showed that FDI inflows to non-GCC Arab nations also fell by 26 percent to USD7 billion in the period, due to the political turmoil that swept several countries in the Middle East and North Africa (MENA) region during the period.
On the other hand, the West Asia region recorded a 16-percent decline in FDI inflow, which reached USD49 billion, whereas FDI outflows from the region surged by 54 percent, following a steep decline in 2010.
It is worth noting that in spite of the ongoing effects of the euro zone debt crisis and the global financial and economic crisis, last year, global FDI inflows jumped 16 percent.
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