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Wednesday, May 22, 2024

UAE Becomes Top Arab Capital Exporter

UAE Becomes Top Arab Capital Exporter
UAE Becomes Top Arab Capital Exporter

The UAE has pumped nearly US$55.5 billion into foreign markets over a period of 32 years to emerge as the largest capital exporter in the Arab world. The funds accounted for nearly 31 per cent of the total Arab foreign direct investment (FDI) outflow of around US$175.8 billion during 1980-2011.
Figures by the UN Conference on Trade and Development (UNCTAD) showed Saudi Arabia was the second largest Arab capital exporter during that period, with its FDI outflow totalling around US$26.5 billion. Kuwait emerged as the third largest Arab capital exporter, with around US$22.5 billion while Qatar, the world’s top LNG supplier, came fourth with nearly US$18.5 billion.

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