DUBAI, Feb. 19 (Xinhua) -- Algeria ranked first in foreign investments in relation to GDP while Saudi Arabian garnered the highest revenues among 17 Arab countries, said Forbes Middle East in a report released Tuesday.
According to the report by the Arabian issue of U.S. economic magazine Forbes, Algeria, a major oil and gas supplier, attracted in 2012 investments amounting to 38.11 percent of its GDP as per figures from the International Monetary Fund (IMF).
"Algeria served itself well by opening the door to foreign investment in key productive sectors including energy and manufacturing," said the report.
The Kingdom of Saudi Arabia, the world's biggest oil producer, outperformed its regional peers in terms of revenues in 2012, with total government revenues amounting to 355.32 billion U.S. dollars, an 11.67-percent increase year on year.
"The United Arab Emirates (UAE) and Kuwait also recorded high revenues of 130.73 billion U.S. dollars and 120.12 billion U.S. dollars, respectively," added Forbes Middle East.
The initial research covered 19 Arab countries, with a total of 17 included in the final study which was based on IMF data for the year 2012. Syria was excluded from the study due to the current unrest, whilst the Palestinian territories could not be taken into account either due the absence of relevant IMF data.
Source : News.Xinhuanet
.
According to the report by the Arabian issue of U.S. economic magazine Forbes, Algeria, a major oil and gas supplier, attracted in 2012 investments amounting to 38.11 percent of its GDP as per figures from the International Monetary Fund (IMF).
"Algeria served itself well by opening the door to foreign investment in key productive sectors including energy and manufacturing," said the report.
The Kingdom of Saudi Arabia, the world's biggest oil producer, outperformed its regional peers in terms of revenues in 2012, with total government revenues amounting to 355.32 billion U.S. dollars, an 11.67-percent increase year on year.
"The United Arab Emirates (UAE) and Kuwait also recorded high revenues of 130.73 billion U.S. dollars and 120.12 billion U.S. dollars, respectively," added Forbes Middle East.
The initial research covered 19 Arab countries, with a total of 17 included in the final study which was based on IMF data for the year 2012. Syria was excluded from the study due to the current unrest, whilst the Palestinian territories could not be taken into account either due the absence of relevant IMF data.
Source : News.Xinhuanet
.
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