Mubasher: Foreign direct investment (FDI) inflows into the UAE and GCC region are expected to see a positive growth on the short-term, backed by the Gulf countries’ efforts to lure investments, according to a report by KAMCO Research

The new regulations, well-prepared strategic plans, and an urgent need for diversification are expected to boost investments in the region.

Investment in the MENA region is expected to remain flat as the positive effect of higher oil prices is offset by political and geopolitical uncertainty, KAMCO added.

FDI inflows into the GCC rose 21% to $17.9 billion in 2016 from $14.8 billion in 2015.