Complex Made Simple

FDI outflow from GCC dropped 17.7% in 2012: UNCTAD

According to a report by the United Nations Conference on Trade and Development (UNCTAD), Foreign Direct Investment (FDI) flows from Qatar dropped 8.5% to $1.8bn in 2012, while the inward fund flow saw a marginal increase of 0.6% to $327m, the Peninsula has reported. FDI flows from the GCC to other countries declined last year by 17.7% to $18.6bn. Kuwait was once again the largest investor overseas, accounting for 41% of outflows with $7.6bn, followed by Saudi Arabia with $4.4bn and the UAE with $2.5bn, the report said.