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FINANCIAL NEWS
Lebanon reports 68% plunge in 2012 FDI inflow
17 Mar 2013
(MENAFN) The Institute of International Finance (IIF) stated that foreign direct investment (FDI) dived by 68 percent in Lebanon last year from 2011, reported Arabian Business.
The IIF said that in the year, FDI in the country reached USD1.1 billion, representing nearly 3.5 percent of that posted a year before.
The institute noted that overall FDI inflows made up approximately 2.7 percent of Lebanon’s gross domestic product (GDP).
It is worth noting that amongst emerging market economies, China was the largest recipient of FDI inflows in 2012, with USD205 billion, while regionally, Saudi Arabia ranked on the top of the list, with USD17 billion.
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