(MENAFN) Kuwait-based Arab Investment and Export Credit Guarantee Corp's annual report showed that foreign direct investment (FDI) in Arab states climbed by 9.8 percent year on year to USD47.1 billion in 2012, up from USD42.9 billion, reported The Daily Star.
The report also showed that the figure was much lower than that of 2010, when the Arab Spring started, as FDI stood at USD66.2 billion back then.
The report added that despite the unrest that started 3 years ago in Tunisia, Egypt, Libya and Yemen, FDI rose in these countries in addition to 11 other Arab countries included in the report.
It is worth noting that Saudi Arabia saw the highest inflows with USD12.2 billion, a 25.8 percent of the total FDI in Arab counties. The UAE came in second with USD9.6 billion, Lebanon saw USD7.8 billion of FDI, while Algeria had USD6.2 billion in fourth place.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.