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FINANCIAL NEWS
Qatar attracts $8.7b FDI in 2009
03 Jul 2010
(MENAFN) Although the flow of foreign direct investment (FDI) into Arab countries declined in 2009 as a fallout of the global financial crisis, Qatar witnessed a rise in FDI inflow last year, QNA reported.
The FDI inflow into Qatar was to the tune of $8.7 billion, up from $6.7 billion in the previous year, according to media reports.
Qatar, which is the largest exporter of liquefied natural gas (LNG) in the world, was second only to Saudi Arabia, which is the largest Arab economy, in terms of FDI inflow in 2009.
However, the difference between Qatar and Saudi Arabia, whose fast-expanding petrochemical sector remains the main FDI puller, was that the FDI inflow (into Saudi Arabia) declined from $38.2 billion in 2008 to $35.5 billion the following year. In the case of Qatar, the inflow rose in 2009 as compared to 2008.
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