The global flow of foreign direct investment reached USD 1.37 trillion last year, with a slowdown in developed and developing nations, according to UNCTAD data. The United Arab Emirates and Saudi Arabia saw higher investments in their greenfield projects.
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The negative balance in current transactions was of USD 1.55 billion, a drop from 2022.
Latin America received USD 224.6 billion in foreign investment last year. Brazil led the list, with 41% of the total and a 97% growth.
The sixth edition of the Sharjah Investment Forum will take place in February 2023. The event seeks to attract public policymakers, business heads, and decision-makers.
A report issued this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries.
The number of foreign direct investment projects in the country was up 7% in 2019, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) reported.
The announcement was made in Davos, Switzerland during the World Economic Forum. Summit will run in October, before the G20 meetings.
Global foreign direct investment flow totaled USD 1.39 trillion last year, down 1% from a year before. But in Brazil they increased 26%, in Saudi Arabia 9%, and in Egypt 5%.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
The country was targeted by USD 3.6 billion in foreign direct investment in the first half of 2019, the United Nations Conference on Trade and Development (UNCTAD) reported.
The upcoming edition of the conference on foreign direct investment is slated for March 2020 in Dubai. The southern Brazilian state is planning to present proposals worth as much as USD 85 million between them.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Country received USD 2.19 billion, down 68% from a year ago. Amount was not enough to cover current account deficit of USD 2.91 billion in the month.
The amount of foreign direct investment which entered the country from 2016 to 2018 was the 27th biggest in the world. Brazil was the 7th biggest FDI destination.
