The Middle East may be blessed with many of the world’s hydrocarbon resources, and as a result many of its countries are significant exporters of capital, but foreign investment remains vital to most economies in the region.
The oil-importing north African and Levantine states need investment to fuel economic growth and ease chronic unemployment, particularly among the young. The oil-rich Gulf states have also targeted foreign direct investment, but primarily to diversify their economies away from hydrocarbons and to create more private-sector jobs.
However, analysts say the continuing unrest across the Arab world is likely to depress regional FDI as international companies cancel or delay investments and projects until the political outlook becomes clearer.
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