Saudi Arabia Tops GCC Nations for Foreign Direct Investments in the First Quarter of 2020: DHAMAN

Saudi Arabia Tops GCC Nations for Foreign Direct Investments in the First Quarter of 2020: DHAMAN

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A recent report by the Arab Investment and Export Credit Guarantee Corporation (DHAMAN) showed Saudi Arabia as the top nation amongst the Gulf Cooperation Council (GCC) for foreign direct investments (FDIs), during the first quarter of 2020 (1Q 2020).

According to the report, new FDI projects launched by GCC nations into other countries declined 8% year-over-year (YoY) during 1Q 2020 to reach 70 projects valued at USD 4.9 billion. Amongst the GCC nations, Saudi Arabia was the top investor with a 49% share, followed by the United Arab Emirates (38%) and Bahrain with 10%.

Total project costs were down 79.3% during the quarter, with five countries (Uzbekistan, Saudi Arabia, Egypt, Austr...