Inter-Arab investments hit $3.7 billion
Head of the regional integration and financing team at the Economic and Social Commission for West Asia (ESCWA), Nazem Abdullah, said that the Inter-Arab investments went up during 2003 to reach $3.7 billion compared to $2.9 billion in 2002.
Abdullah estimated, in a study entitled "Funding development in the Arab World", that the Arab investments abroad reached $ 800 billion, whereas foreign investments in the Arab World reached $ 8.6 billion.
According to Petra, the study noted that Arab exports reached $ 300 billion, which forms 4% of the world's exports, compared to $241 billion in the year before. (menareport.com)