The new foreign constitutional investment fell to the Middle East and Africa during last year, either in terms of project or investments due to Corona pandemic.
According to data issued by FDI Intelligence of the Financial Times, the number of new foreign projects established in the region fell to 1031 projects in 2020, compared to 1795 projects in 2019, while investments in these projects last year, half of those investments which were pumped in 2019 to establish new foreign projects.
Saudi Arabia has issued the countries of the region in terms of the value of foreign investment pumped to establish new projects to $ 10.4 billion, representing 18% of the total foreign investment pumped in the region to establish new investment projects.
Saudi Arabia attracted about 73 new foreign projects last year, a decline of 40% last year. With regard to investments pumped from the countries of the region to other countries, Saudi Arabia ranked second, which pumped $ 3 billion in 42 projects.
Source (Arabic site.Net, Edited)
