Saudi Arabia's share in the Arab economy rose 0.4 percent points in 2021 as the state has retained its position as the region's largest economic player.
According to Arab News, a report by the Arab Corporation for Investment and Export Credit Guarantee, the state recorded a domestic product of $ 833.5 billion last year, equivalent to 29.7 % of the entire Arab region.
The United Arab Emirates was the second largest Arab economy with $ 410 billion, while Egypt ranked third with $ 402.8 billion production.
Abdullah Ahmad al -Sabih, director general of the Arab Corporation for Investment and Export Credit Guarantees, expected continuous growth in 2022, especially as foreign plans imported into the region during the first quarter of 2022, compared to the same period of 2021. The value will reach $ 21 billion after an 86 % increase.
The report said that the Arab economy has surpassed Italy, the world's eighth largest economy with a total domestic production of $ 2.1 trillion.
Foreign investment in the region increased directly. Earnings increased by 43 % year year, equivalent to about $ 53 billion.
The FDI has reached about $ 1.58 trillion total.
This traffic is 6.3 % of the flow in developing countries and 3.3 % of the global flow.
More than 96 % of the rise is concentrated in only five countries, with the United Arab Emirates leading $ 20.7 billion, and Saudi Arabia is second with $ 19.3 billion.
Annual data from the Arab Corporation for Investment and Export Credit Guarantee shows that Egypt is third with $ 5.1 billion. Then Oman ranks fourth with $ 3.6 billion and Morocco is fifth with $ 2.2 billion.
According to the UN Organization for Trade and Development Data, the FDI balance received by Arab countries increased from $ 958 billion to more than $ 1 trillion at the end of 2021.
Saudi Arabia leads the Arab rankings with $ 261 billion, which is 26 % of the total amount of Arabs. The United Arab Emirates is then second with $ 171.6 billion and Egypt is third with $ 137.5 billion.
