(MENAFN) Arab League countries continued to receive a big amount of foreign direct investment (FDI) last year, with UAE topping the list with USD10.1 billion FDI and a share of 23 percent, Arab News reported.
Saudi Arabia came in the second place, with FDI worth USD8 billion, accounting for 18.3 percent of the total FDI into the Arab countries. Both Gulf countries attracted around half the FDI total funds.
Meanwhile, GCC countries attracted the biggest share of FDI of 49.7 percent. The total FDI in the Arab League countries would reach USD789 billion by the end of 2014, 4 percent of the world's total of USD26 trillion.
Out of the total contracts worth USD157 billion awarded by the GCC, firms in Saudi attracted the highest with USD66 billion, followed by UAE (USD52 billion), Qatar (USD22 billion) Kuwait, Bahrain and Oman (USD17 billion).
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