Foreign direct investment reached JD622m in 2021— Dhaman

AMMAN — The volume of foreign direct investment (FDI) into the Kingdom by the end of last year stood at JD622 million, where Jordan accounted for 1.2 per cent of the total Arab FDI.

According to data released by the Arab Investment and Export Credit Guarantee Corporation (Dhaman), cited by the Jordan News Agency, Petra, FDI to Arab countries increased by 42 per cent to some $53 billion in 2021, representing some 6.3 per cent of the total FDI flows to developing countries and 3.3 per cent of the total global FDI of some $1.58 trillion.

The top five Arab countries that took over 96 per cent of the region's FDI were the UAE with $20.7 billion or 39.1 per cent, followed by Saudi Arabia with $19.3 billion or 36.5 per cent, Egypt with $5.1 billion or 9.7 per cent, Oman with $3.6 billion or 6.8 per cent, and Morocco with $2.2 billion or 4.1 per cent.

The total FDI from Arab countries to other countries of the world increased by 46 per cent to $52 billion, where Saudi Arabia and the UAE accounted for 90 per cent of the total volume, with shares of 46.1 per cent and 43.5 per cent respectively, followed by Kuwait with 7 per cent. 

Dhaman is a pioneer multinational organisation that has provided guarantee services against commercial and non-commercial risks for the last four decades, according to the Dhaman website. 

Established in April 1974 in Kuwait as the first multilateral investment guarantee provider in the world, Dhaman is owned by the governments of Arab states and four Arab financial institutions. Dhaman is highly rated by S&P since 2008, reflecting both Dhaman’s very strong business and financial profiles, the website added.