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FINANCIAL NEWS
UAE 2006-2010 FDI outflow USD45.5b
24 Oct 2011
(MENAFN) The Inter-Arab Investment Guarantee Corporation (IAIGC) said that in the 2006-2010 period, the UAE’s foreign direct investment (FDI) outflow reached around USD45.5 billion, representing 30 percent of the total Arab FDI outflow of USD147.4 billion, reported Emirates 24/7.
The IAIGC added that Kuwait ranked second in the list, with FDI outflow of around USD37 billion, followed by Qatar, with around USD24.5 billion in FDI.
It also said that Saudi came in the fifth place with USD9 billion, whereas last year, it was the top regional capital exporter with around USD3.9 billion, on the other hand, Libya ranked at the fourth place with FDI outflow of USD11.9 billion.
It is worth noting that in the last twenty years, UAE pumped more than USD53 billion into foreign markets to become the largest Arab capital exporter and the 30th in the world.
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