In 2020, outgoing FDI from the UAE and Saudi Arabia to nine recipient countries dropped precipitously. “As the two most important sources of regional financial support, these declines from Saudi Arabia and the UAE reinforce our understanding of the difficulty of 2020 in FDI, and they also serve as an indicator of the ability of the GCC states to dedicate financial resources to a surrounding sphere of influence.”
-Karen E. Young, Resident Scholar, AEI, commenting on AEI’s FDI data which tracks how GCC states as substantial sources of FDI and financial support to a surrounding sphere of influence from West Asia to the Horn of Africa and across the Middle East. [AEI]
