GCC neighbours could soon take the lead in foreign investment | The National

GCC neighbours could soon take the lead in foreign investment | The National:



"Despite current challenges, growth in foreign direct investment to Egypt, Iran, Iraq, Lebanon and Jordan should overtake the expansion of flows to the GCC by 2019, according to a new report.



The Centre for Economics and Business Research (CEBR) said the five economies were attractive to multinationals because of their large consumer bases.




“In terms of FDI, the UAE and Qatar are two major destinations, but what is interesting are those markets which have been less on the radar of investors but have huge potential,” said Charles Davis, the director at the CEBR and author of the report, which was produced for the company’s economics research partner, ICAEW. “These five economies have potential for catch-up in growth and an increased consumer market.”"



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