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Regional FDI trends

The sharp rise in Saudi Arabia’s outward foreign direct investment meant the kingdom overtook both the UAE and Kuwait to become the leading source of outbound FDI from the Gulf last year. Outward investments from the UAE totalled $15.1bn in 2018, up from $14.1bn in 2017, but still below Saudi Arabia’s $21.2bn. Kuwaiti outbound FDI declined sharply, to $3.8bn in 2018 from $9bn one year earlier, according to the United Nations Conference on Trade and Development (Unctad)’s latest World Investment Report.

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African Energy Gulf States Newsletter