Bahrain tops region in FDI
Manama, July 25, 2010
Bahrain tops the GCC and much of the world in terms of foreign direct investment (FDI) into its economy, said a global report launched by the UN Conference on Trade and Development (UNCTAD).
The Kingdom ranks 23rd out of 141 economies in the World Investment Report 2010, said a senior UNCTAD official.
'Bahrain and the GCC are bouncing back from the global recession, with a bright economic future,' remarked UNCTAD investment arm head Nazha Benabbes Taarji-Aschenbrenner.
'We are very optimistic about Bahrain and its economy,' she said at the regional launch of the report, at Bahrain's Movenpick Hotel.
'Bahrain is very open to inward investment and is well-placed for outward investment. For GCC countries, we are very optimistic, it is a capital hub.
'This region lost a lot and assets have gone down, but we think there is a rebound, so countries will continue to invest into each other,' she added-TradeArabia News Service