By Claire Ferris Lay
Investor confidence in the region higher than ever, with UAE and Saudi leading the way.
Foreign direct investment in the Middle East remains strong compared to other economies across the rest of the world, a report published on Monday said.
Investor confidence in the region is higher than ever, according to the 2010 AT Kearney Foreign Direct Investment Confidence Index.
The UAE and Saudi Arabia were ranked 11th and 19th respectively in terms of investor confidence and FDI in the report by consultancy firm AT Kearney.
Dr Dirk Buchta, managing director, Middle East, AT Kearney, said: “The UAE’s number 11 ranking indicates that investors both have grasped the importance of the Middle East and North Africa region with its 500 million consumers and that they expect the Emirates in general, with Dubai as the preferred entry point, to continue to be the leading hub for investments to the rest of region.”
Other Gulf states (Bahrain, Kuwait, Oman, and Qatar) ranked 15th in 2010, up two places from 2007.
Investor sentiment in other emerging economies also remained high. While India and Brazil were both ranked in the top four alongside the US, China retained its position as the number one destination for foreign investment, a title it has held since 2002.