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FINANCIAL NEWS
GCC foreign investment drops in 2010
05 Jan 2011
(MENAFN) MR Raghu, Head of Research at the Kuwait Financial Centre, said that during 2010, foreign investment in the Gulf Cooperation Council (GCC) has declined, with a high of 25 percent for Qatar and a low of 11 percent in Dubai, due to a lack of proper research coverage coupled with fallout from the economic downturn, Arabian Business reported.
According to Raghu, proper regulation and research is crucial, in order to lift foreign investment in the Gulf countries in the coming year.
Raghu elaborated that in the long term, there has to be a properly regulated environment, market laws, excellent trading systems, plus a very good information flow and coverage on the region for investor access, in order to increase foreign investment in the GCC.
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