selected business news
"Qatar among top FDI destinations, says report "
Posted July 23, 2010 by Lindsay Roberts
By: Nasser Al Harthy, Zawya
According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report (WIR) this year, Qatar ranks second in the region for foreign direct investment (FDI), having received more than $10 billion in foreign direct investment (FDI) in 2009. The report commends the improvement of investment policy measures throughout the Middle East including the opening of new sectors to FDI, reducing taxes, and raising the ceiling for foreign ownership. Additionally, the report points to substantial opportunities to support the recovery of FDI flows (following the global downturn) due to ambitious infrastructure plans for the region. Notably, the WIR emphasizes the role of transnational corporations and the private sector in investing in low-carbon economies for developing countries. Overall, the report discusses the region’s short and long term plans for investment; examines the latest trends in FDI flows and policies; and examines investment prospects for 2010-2012.
