The Arab Monetary Fund revealed that foreign investment flows to Arab countries grew by about 9.4 percent in 30 years, rising from $502 million in 1970 to $40.5 billion in 2020. According to the Fund’s report on foreign direct investment, foreign direct investments in Arab countries increased by about one billion dollars in 2020, despite the “Covid-19” pandemic, to reach 40.5 billion dollars, compared to 39.5 billion dollars in 2019.
The report shows an increase in foreign direct investment in nine Arab countries, led by the UAE and Saudi Arabia, where foreign direct investment grew at rates ranging between 2.5 percent and 133 percent during 2020. According to the report, foreign investments in many Arab countries have been affected by the “Covid-19” pandemic, with it declining foreign direct investment flows in 10 Arab countries by 405 percent in 2020.
According to statistics issued by the Arab Investment and Export Credit Guarantee Corporation, the number of projects received by Arab countries amounted to about 1092 projects in various economic and industrial sectors during 2019, compared to about 878 projects in 2018.
Source (Emirati Gulf Newspaper, Edited)
