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FDI’s biggest beneficiaries

The UAE and Saudi Arabia received 80 per cent of the total $278bn worth of foreign direct investments (FDI) that flowed into the GCC over the past two decades, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD ).

The UAE was the second largest recipient with $73.4bn, or 26 per cent of the total FDI during the period, while Saudi Arabia was the largest Arab destination for FDI, attracting nearly $147.1bn over the two decades, says UNCTAD ’s 2010 Global Investment Report.

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