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FINANCIAL NEWS
GCC investors seek to strengthen trade links with Asia
23 Sep 2015
(MENAFN) Asia is the leading destination of foreign direct investment (FDI) across the globe, accounting for more than 35 percent of the world’s total FDI inflows.
Moreover, China recently established the Asian Infrastructure Investment Bank (AIIB) All GCC countries, with the exception of Bahrain are founding members of the bank.
Gulf investors strengthened their economic ties with the East in recent years, expanding in both oil and nonoil sectors. The Saudi private investment firm “Ajlan and Brothers” invested in a total of 20 factories worth USD632 million in the textile sector in China.
Meanwhile, the Dubai-based “Abraaj Group” stated that it planned to invest almost USD400 million in Southeast Asia and Indian companies in 2015.
Trade links have always been very strong between the two regions, spurred by the surge in Asian oil demand, but the relationship now has improved further.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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