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A report that monitors the rise in foreign investments in the Middle East and reveals their proportions

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A report that monitors the rise in foreign investments in the Middle East and reveals their proportions

Economie| 03:46 - 11/06/2022
Baghdad - Mawazine Yanouz


, "Al-Eqtisadiah" newspaper revealed that foreign direct investment flows to the countries of the Arab world and the Middle East in 2021 increased by 44.2%, reaching 66.85 billion dollars, compared to 46.37 billion dollars in 2020.

In a report based on data of the United Nations Program for Trade and Development "UNCTAD" For its reporting unit, Al-Eqtisadiah newspaper indicated that “

this rise in foreign direct investment to the region came with the main support of Saudi Arabia, which contributed about 68% of the increase in investments to the region, amounting to 13.9 billion dollars, while the increase to the region in total was 20.5 billion dollars.".

The "Al-Eqtisadiah" report stated that "the foreign direct investment flowing into Saudi Arabia rose 257%, at the fastest pace in history, to reach $19.3 billion in 2021, compared to $5.4 billion in 2020," noting that

"the foreign direct investment flowing into Saudi Arabia in 2021 is the highest since 2010 when it reached $28.3 billion, as a result of

    overcoming the obstacles of foreign investment in the Kingdom and the

    huge investment opportunities available in light of the Kingdom’s Vision 2030 and

    its huge projects and the privatization of many sectors.”


The report pointed out that

"the region's most attractive countries for foreign direct investment in 2021", explaining that "the

    UAE came first with 20.7 billion dollars, then
    Saudi Arabia, thirdly
    Turkey with 12.5 billion dollars, followed by
    Egypt with 5.1 billion dollars, and
    Oman with 3.6 billion dollars. dollar".


The report revealed that "Iraq recorded an exit of foreign investments worth 2.6 billion dollars, so that

foreign investments continued to leave for more than 6 consecutive years
, and that

Qatar recorded an exit of foreign investments for the fourth year in a row, reaching 1.1 billion dollars in 2021."

And Al-Eqtisadiah continued: “Unlike the previous seven countries, the flow of foreign direct investment in 2021 amounted to about 2.15 billion dollars to Morocco, Bahrain to 1.8 billion dollars, and Iran to 1.4 billion dollars,” noting that

“foreign investment amounted to less than one billion dollars in Algeria with 870 million dollars.” $660 million in Tunisia, $622 million in Jordan, $462 million in Sudan, $456 million in Somalia, $273 million in Lebanon, while Palestine reached $256 million, $198 million in Kuwait, and $167 million Djibouti, $22 million in Mauritania, and $4 million in Comoros.

According to Al-Eqtisadiah, the global investment report showed “the recovery of foreign direct investment and its restoration to pre-Corona pandemic levels,

an increase of 64% compared to 2020, bringing its flows to 1.58 trillion dollars in 2021,

driven by the momentum resulting from merger and acquisition activity and rapid growth in project financing. International, due to loose funding and major infrastructure stimulus packages.

The newspaper stated that, "while all regions benefited from the recovery, three-quarters of the growth was concentrated in advanced economies, where foreign investment flows rose 134 percent, and multinational companies achieved record profits," explaining that

"the top ten economies receiving foreign direct investment in 2021 They were the

    United States of America,
    China,
    Hong Kong,
    Singapore,
    Canada,
    Brazil,
    India,
    South Africa,
    Russia and
    Mexico."


She pointed out that "flows to developing economies rose 30% to reach $837 billion, the highest level ever recorded, due to strength in Asia, partial recovery in Latin America and the Caribbean and recovery in Africa," noting that

"expectations for the current year came More bleak, according to the report, issued by the United Nations Program for Trade and Development (UNCTAD) and titled "International tax reforms and sustainable investments", as

foreign investment is expected to decline or at best stabilize, due to the dramatically changing business and investment climate.

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