The Arab Corporation for Investment and Export Credit Guarantee (Daman) revealed that the number of foreign direct investment projects coming to the Arab region increased by 74 percent in 2022, on an annual basis, to reach 1,617 projects.
According to Daman's annual report on the investment climate in the Arab countries for the year 2023, the investment cost of these projects amounted to $200 billion, an increase of 358 percent from 2021. A group of vital sectors in the countries of the region went against the current crises and accounted for a lot of money flowing into new projects thanks to the continuous reforms of countries to develop their economies. The latest indicators about the attractiveness of the Arab region for foreign investment are evidence of the recovery of business in the Middle East and North Africa, despite the problems that the global economy suffers from, especially the consequences of inflation.
Source (Al-Arab Newspaper of London, Edited)
