Arab funds invested abroad could be as high as $4.2 trillion, estimates the Council of Arab Economic Unity. Losses suffered by Arab investments abroad due to the global economic slowdown and to falling international stock markets were estimated at $400 billion over the past two years.
Saudi economists hope that 33-40 billion Saudi Riyals ($8-$11 billion) worth of national funds abroad will return to the Kingdom before the end of the year. Saudi bankers are doing their utmost to offer attractive incentives to those who currently prefer to invest overseas. — (menareport.com
© 2002 Mena Report (www.menareport.com)
