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News In DetailUAE leads in attracting FDI Projects in region
Dubai : 18-Apr-2012
United Arab Emirates (UAE) has attracted the highest number of foreign direct investment (FDI) projects in the Middle East & Africa (MEA) last year. UAE attracted the highest number of projects (328), while Saudi Arabia attracted the highest capital investment, which grew 40% in 2011 to just over $14 billion. MEA attracted a total of 1,530 projects last year, up 16% over the previous year although capital investment was down slightly by 1%. In outbound FDI from the region, UAE-based companies were the most active with investments in 169 projects. Dramatic changes in the volume of FDI occurred in the countries most affected by the Arab Spring uprisings. The number of FDI projects in Libya and Yemen declined by 80%, in Egypt by 29%, in Syria by 26% and in Tunisia the number of FDI projects fell by 14%.
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