(MENAFN- Alghad Newspaper)
The Arab Investment Guarantee Agency has published its annual report on foreign investment in the Arab world until the end of 2020, based on statistics published by the World Bank, UNCTAD and others. The report reviewed various indicators related to the business environment, e-government, regulatory restrictions, country assessment, risk assessment, competitiveness, Global Governance, Global Innovation and Human Development Index Despite the importance of what these indicators reflect on the reality of investments, they are constrained by active forces in driving investments globally.
Foreign direct investments in Arab countries (2003-2020) for years amounted to (1) trillion and (267) billion and (983) million dollars. In 2008, it reached the highest value in attracting these investments (168) billion (115) billion dollars and reached (112) billion (340) million dollars in 2006, in the following years (33) billion (946) million dinars in 2020, 2019 While it was (57) billion dollars in 2007, it reached the number of projects in 2007 (1,170) and (in 2019). According to (999) projects, but numbers fell in 2020 Projects reached (616) projects and the number of jobs created by these investments was the highest in 2008 with (264) thousand (357) jobs. , (102) thousand and (702) jobs in 2019 and (54) thousand (83) jobs in 2020.
Here, after the decline since 2005 and the impact of the Corona pandemic on the statistics of 2020, as for the sources of these investments for 2020 ($33,946 million), it is clear that they are from North America. Asia and the ocean (23.9%) (23.9%) and the ocean (8) billion and (111) are followed by Al-Hadi with (37.5%) and (12) billion and (726) million dollars. followed by Western Europe (22.8%), with (7) billion and (744) million dinars, and the Middle East with (13.9%) and (4) billion. The most important Arab countries attracting the above investments with (709) million dollars (Saudi Arabia with 10411 million dollars), followed by the Arab Emirates with (9139) million dollars, followed by the Sultanate of Oman with (619). million dollars, Morocco (2402) dollars, Egypt (1387) million dollars, Iraq (1063) and the rest of the Arab countries between zero/Libya and (915) million were the State of Qatar. As for Jordan, its share is foreign investments for 2020. (248) million USD As for the most important sectors purchased The volume of investments is with the hydrogen power plant in the city of NEOM/Saudi Arabia (5) billion dollars and the Duqm Refinery in the Sultanate of Oman (4.2) billion, in Fujairah, UAE (1444) million gas turbine power plant in Dubai (1160) million dollar electrical power waste transfer station and a new power plant in Umm Qasr, Iraq (1063) million dollars for 2020 (33935) million dollars for a total (12,867) million dollars at a rate of about (40%).
Here in Jordan, His Majesty King II. Despite Abdullah’s great efforts over the past decade after many trips to the east and west around the world, the modest share of attracting investment for reasons related to the cost of Jordan’s economy has been in the south and north, and he has always been eager to accompany the economic team on most visits.
Statistics from Amman Chamber of Industry / Jordan or Department of Statistics confirm that our industry has reached 140 countries and this is a huge number, but we are still experiencing a decline in exports compared to imports, because it is still in progress. and Jordan’s trade balance with the world has been somewhat unbalanced in favor of imports, which clearly demonstrates the reduction in production costs concentrated in sales taxes on production inputs and final product. These dilemmas in energy prices with its various derivatives, the cost of financing with interest rates higher than its counterparts in various countries of the world, and finally the cost of social security on the final product that requires the government to find a solution, so that it will be able to benefit from foreign investment in the coming years, as other Arab countries have.
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