China is largest foreign investor in Middle East

China became the largest investor in the Arab region in 2016 with investments worth $29.5 billion.

Beijing surpassed the US and the UAE and now holds 31.9 per cent of the direct foreign investment in the region, according to figures published by the Arab Investment and Export Credit Guarantee Corp, which is a pan-Arab organisation owned by the governments of Arab states and 4 Arab financial institutions.

In total, the Middle East attracted over $92 billion worth of foreign investment according to the Investment Climate Report 2017.

Nearly a third of foreign investment came from China followed by the UAE, which accounted for 16.4 per cent ($15.1 billion) of investments and then the US with only $6.9 billion worth of investment.