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FINANCIAL NEWS
GCC FDI down 14.6 percent in 2013
06 Aug 2014
(MENAFN) The foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) states fell by 14.6 percent in 2013, according to KUNA.
The United Nations Conference on Trade and Development (UNCTAD) reported that FDI dropped for the fifth year in a row in 2013 reaching USD24 billion compared to USD28 billion in 2012.
The report said: “This comes despite an improvement in world FDI, which increased by 9.1 percent from its level in 2012 to reach USD1.5 trillion in 2013. As a result, the GCC’s share of world FDI has fallen to 1.6 percent – having been as high as 4.2 percent in 2009.”
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