28 Jul 2015
(MENAFN) Arab League countries continued to receive a big amount of foreign direct investment (FDI) last year, with UAE topping the list with USD10.1 billion FDI and a share of 23 percent, Arab News reported.
Saudi Arabia came in the second place, with FDI worth USD8 billion, accounting for 18.3 percent of the total FDI into the Arab countries. Both Gulf countries attracted around half the FDI total funds.
Meanwhile, GCC countries attracted the biggest share of FDI of 49.7 percent. The total FDI in the Arab League countries would reach USD789 billion by the end of 2014, 4 percent of the world’s total of USD26 trillion.
Out of the total contracts worth USD157 billion awarded by the GCC, firms in Saudi attracted the highest with USD66 billion, followed by UAE (USD52 billion), Qatar (USD22 billion) Kuwait, Bahrain and Oman (USD17 billion).
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more