Saudi Arabia largest beneficiary of American direct investments
Saudi Arabia currently ranks first amongst all Middle Eastern nations in terms of foreign direct investments (FDI) received from the United States, according to Al-Watan daily.
In the year 2000, Saudi Arabia received a total of $4.184 billion in direct investments from the US. Algeria was the second largest recipient with a total of $3.339 billion, followed by Israel and Egypt, each receiving $3.2 billion and $2.735 billion, respectively.
Earlier this year, the issue of FDI was discussed at a meeting of the Gulf Cooperation Council (GCC) states. IMF representatives stressed that in order to boost foreign investment, the GCC countries must first prove political stability. –(MENA Report)
© 2001 Mena Report (www.menareport.com)