Foreign investment in Saudi at 14-year low in blow to reforms | ZAWYA MENA Edition

Foreign investment in Saudi at 14-year low in blow to reforms | ZAWYA MENA Edition:

"New foreign direct investment in Saudi Arabia has plunged to a 14-year low, figures released this week by a United Nations body show, a blow to ambitious economic reforms which aim to increase inflows of foreign capital sharply. FDI inflows shrank to $1.4 billion in 2017 from $7.5 billion in 2016, according to figures from the United Nations Conference on Trade and Development, which are in line with data published in recent weeks by the Saudi central bank. The drop contrasts with the trend in other Gulf Arab oil exporting economies. FDI in the United Arab Emirates, the second biggest Arab economy after Saudi Arabia, rose to $10.4 billion last year from $9.6 billion, UNCTAD said."



'via Blog this'