RIYADH: Arab countries attracted $122.7 billion in investments during 2024, up 53 percent from the previous year, supported by major projects in Egypt and the Gulf, new data showed.
According to a report by the Arab Investment and Export Credit Guarantee Corp., known as Dhaman, the region saw the launch of 2,172 foreign projects with total capital expenditure of $119 billion.
This aligns with the Arab region’s gross domestic product growth of 1.8 percent in 2024, reaching $3.6 trillion despite regional challenges, according to data released by Dhaman in March.
It also supports Moody’s January forecast that oil production and major investment projects will drive a 0.8 percentage point rise in annual economic growth across the Middle East and North Africa in 2025.
In its annual “Investment Climate in Arab Countries 2025” report, Dhaman said: “Despite the challenges the region experienced in 2024, FDI inflows into Arab countries rose by 53 percent to $122.7 billion, making up 14.2 percent of overall inflows into developing countries and 8.1 percent of overall world inflows worth around $1.5 trillion.”
