The Arab Investment and Export Credit Guarantee Corporation (Dhaman) announced on Thursday that the number of foreign direct investment (FDI) projects coming to the Arab region increased by 74% in 2022 compared to the previous year, reaching a total of 1,617 projects.
According to the report, the total investment cost of these projects amounted to $200 billion, representing a significant 358% increase compared to the investments in 2021.
General Manager Abdullah Al-Subaie highlighted that the positive changes in the international indicators for Arab countries have had a favorable impact on the number of foreign direct investment projects in the region, as well as their investment costs.
Al-Subaie expressed confidence that the strong performance will continue throughout 2023.
During the first quarter (Q1) of 2023, the region witnessed a 28% increase in the number of foreign projects, with the investment costs hiking by 70% to $74 billion, compared to the same period last year.
Al-Subaie further revealed that the inter-Arab investment projects also saw a significant rise, with a growth rate of 84% to reach 245 projects in 2022.
The total cost of these projects jumped by 623% to $45.6 billion during the same year.
As of June 2023, Dhaman has already secured nearly $27 billion in cumulative operations, affirming its commitment to continue efforts in improving the investment climate in Arab countries and encouraging Arab exports to various destinations worldwide.
