A report issued by the fDi Intelligence Research Unit of the Financial Times revealed that the volume of founding foreign direct investment "Green-Field Investment" attracted by the Middle East and Africa region last year decreased by 16% to 115.2 billion dollars, while the projects established by foreign capitals witnessed an increase by 38%, reaching up to 1746 projects.
The report showed that the number of new foreign investment projects in the Middle East increased from 590 to 748, but the volume of investments fell 37% to $38.7 billion. In Africa, the number of projects increased by 49% to reach 998 projects.
The Arab Republic of Egypt ranked first in the countries of the Middle East and Africa region, attracting new foreign investments with a value of $13.7 billion, followed by the United Arab Emirates with a value of $12.8 billion, then Saudi Arabia with a value of $12.3 billion, according to unit data The fDi Intelligence of the Financial Times.
Source (Al-Arabiya.net website, Edited)
