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Qatar sees sharp FDI drop in 2016 - UNCTAD

Qatar sees sharp FDI drop in 2016 - UNCTAD
Qatar sees sharp FDI drop in 2016 - UNCTAD

Doha – Mubasher: Foreign direct investment (FDI) in Qatar dropped during 2016, according to a report issued by the United Nations Conference on Trade and Development (UNCTAD).

FDI in the Gulf state reached $774 million in 2016, compared to $1.071 billion in 2015, the report showed, indicating that FDI inflows to Qatar had previously surged by 96% in 2015 from a year earlier.

Qatar benefited from the projects implemented between China and Pakistan, which led to a large amount of FDI in the electricity and water generation, and the infrastructure industries.

FDI inflows to South Asian countries declined by 29% to $6 billion in 2016, and by 19% in Western Asia. In developing countries, FDI fell 14% to $646 billion, but rose 5% to $1.032 billion in developed economies.

On 12 June, KAMCO Investment Company predicted that GCC direct investment inflows will witness positive growth in the short term on the back of these countries’ efforts to attract foreign investments.

FDI inflows in the GCC region rose 21% to about $17.9 billion in 2016, from $14.8 billion in 2015, according to KAMCO.