The UAE, Saudi Arabia and Egypt ranked first in the region's countries in terms of attracting direct investment flows, with a value of more than $45 billion last year.
The incoming foreign direct investment flows to the Arab countries, which rose by 42 percent during the past year, amounted to about 53 billion dollars, representing 6.3 percent of the total inflows to developing countries and 3.3 percent of the total global flows amounting to about 1.58 trillion dollars.
The report of the Arab Corporation for Investment and Export Credit Guarantee (Daman), on the volume of direct investments in the region, showed the continued geographical concentration of incoming flows, the first five countries accounted for more than 96 percent of the total flows, led by the UAE, which attracted $20.7 billion, with a share of more than 39.1 percent. Followed by Saudi Arabia with a value of $19.3 billion with a share of 36.5 percent, then Egypt in third place with a value of $ 5.1 billion with a share of 9.7 percent of the Arab total. The Sultanate of Oman came in fourth place, with a value of $3.6 billion, with a share of 6.8 per cent, and Morocco in fifth place, with a value of $2.2 billion, with a share of 4.1 per cent of the total.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
