"The scale of foreign direct investments (FDI) attracted by the six-nation GCC grouping has by and large remained the same over the past two years. The GCC attracted some $26.5 billion (Dh97.3 billion) worth of FDI in 2012.
This was highlighted in the World Investment Report 2013 released last week by the United Nations Conference on Trade and Development (Unctad). The report focuses on the value of investments in trade and development.
Among other things, the report cites the increasing share of the GCC in global FDI flows — from 1.7 per cent in 2011 to almost 2 per cent in 2012. However, this partly reflects a drop in worldwide capital flow, from 2011’s $1.652 trillion to $1.351 trillion last year, in large part reflecting the uncertainties in the global economy."
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