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FINANCIAL NEWS
Inter-Arab 2010 investment down 76%
27 Jul 2011
(MENAFN) Inter-Arab Investment Guarantee Corporation (IAIGC) said that last year, inter-Arab foreign direct investment (FDI) dropped by 76 percent reaching USD5.4 billion from USD22.9 billion in 2009, reported Emirates 24/7.
The institution added that in 2010, total FDI flow fell from USD86.2 billion in 2009 to USD64 billion last year, where the largest share of the decline was recorded at Saudi with USD21.5 billion in 2010 from USD36.4 billion in the previous year.
IAIGC also said that in 2010, Arab FDI into Egypt declined to USD1.58 billion from USD1.7 billion, whereas in the same year, Egypt was the largest Arab capital exporter into other Arab states, pumping USD2.27 billion.
It is worth noting that inter-Arab investment between the years 1995 and 2010 reached round USD164.8 billion.
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