NON-OIL EXPORTS RECORD A SIGNIFICANT INCREASE

GCC countries attract $523.4 billion in foreign investment: GCC-Stat

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The data issued by the Statistical Center for the Cooperation Council for the Arab States of the Gulf (GCC-Stat) indicates that the GCC countries have witnessed a steady rise in foreign investment.

In 2023, inbound foreign direct investment (excluding intra-GCC investments) reached about US$523.4 billion, representing roughly 80 per cent of the total foreign direct investment stock, confirming the growing international confidence in the Gulf business environment. Foreign direct investment inflows accounted for about 5 per cent of total global flows in 2023.