The repercussions of Corona revealed new economic features for the Arab region, and that it is still a safe haven for investments and capital looking for global growth, despite the conflicts that ripple with it.
The indicators of the Arab Corporation for the Guarantee of Investment and Export Credit (Guarantee) monitored the features of this phenomenon, as foreign investments are mainly concentrated in the UAE, Saudi Arabia, and Egypt.
Companies from 14 countries invested in the Arab region during the first quarter of this year, and the list of the top 10 investing countries in the region included Japan, the United States, France, the Philippines, Belgium, Saudi Arabia, Germany, Bahrain, China and India. Official data indicate that the share of these companies combined amounted to about 79.5 percent of the volume of investments intended for the countries of the Arab region.
The investment savings of foreign companies coincide in the countries of the Arab region, despite the expectations of a decline in the capital expenditures of the most important 5,000 multinational companies in the world.
The corporation expects a decline in the rates of foreign direct investment inflows in the Arab region by a rate ranging between 21 percent at a minimum and 51 percent at its maximum during the current year.
Despite the slowing global investment flow rates, the Arab region has become a major destination for capital as a result of its consumption boom, and it's dire needs to develop a large number of its sectors, which are still virgin and teeming with huge investment opportunities.
The sectors of education, health, food industries, oil, gas, and mining are among the most important investment destinations, as well as the venture capital sectors, which are interested in using technology to digitize transactions and services.
Source (alarab.co.uk Newspaper, Edited)
