Arab investment in Qatar put at 22.5bn

Date

10/5/2015 8:31:48 AM

(MENAFN- The Peninsula)File picture

By Satish Kanady

DOHA: The combined value of inter-Arab investment inflow into Qatar touched an estimated $22.5bn for 12 years ending in 2014. The country’s total investment outflow to Arab countries crossed $31bn during the period.

The total value of inter-Arab investment projects between 2003 and 2014 is estimated at more than $370bn. Snatching projects worth a total value of $97.2bn (26.3 percent of total investments) Egypt topped the list among the countries that witnessed inter-Arab investment inflows during the period followed by Iraq with $35bn. Saudi Arabia ranked fourth with $23.8bn with a share of 6.4 percent of the total investments. Qatar ranked seventh with a stake of 6.1 percent of the total investments the Arab Investment and Export Credit Guarantee Corporation (AIECGC) revealed in its “Investment Climate in Arab Countries for 2014” report.

The Arab Investment & Export Credit Guarantee Corporation is a pan-Arab organisation owned by the governments of Arab states & four Arab financial institutions.

Figures disclosed by AIECGC in its 29th annual report indicated Qatar’s $31bn investment outflow to other Arab countries during the period ranked fourth with a share of 8.4 percent of the combined outflow.

In terms of the investment outflow for the period between 2003 and 2014 the UAE topped the list with $217bn representing 58.6 percent of combined outflow followed by Bahrain ($45.5bn) and Kuwait ($36.4bn).

Between 2003 and 2014 a total of 2137 projects were launched as part of the inter-Arab investments. Of these Saudi Arabia attracted the most inward investment projects with a total of 322 projects cornering 15.1 percent of the total projects. UAE wooed 232 projects (10.9 percent) and Oman launched 192 projects.

A breakdown of the total number of projects launched by individual countries in other Arab nations puts UAE on top chart with launching 1014 projects representing 47.4 percent of the total projects. Kuwait ranked second with 249 projects and Saudi Arabia stood third with 242 projects. Qatar ranked fourth with 129 projects.

In 2014 Arab countries came in the fourth place on the global level among 7 geographic groups. In comparison with 2013 Arab countries’ attractiveness to FDI slightly decreased as the index in the Arab States dropped off by 0.5 points a percentage of 1.47 percent.

The Peninsula

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