Kuwait is a geographically small oil-dependent country, for which the relatively modest inward FDI volumes have been declining in recent years.
Middle East and North Africa
FDI in Morocco had already been declining prior to the outbreak of Covid-19, but the country has been a regional leader in outbound investment in recent years.
Egypt is one of the largest economies in Africa, and one of the continent’s biggest recipients of FDI. The Covid-19 crisis has hit the country hard, but it should avoid a recession.
Saudi Arabia’s largely underwhelming FDI performance over the years saw the country launch its Vision 2030 plan to diversify the economy and attract more foreign investment.
As the economic impact of coronavirus unfolds, 37 emerging markets are at most risk of mass protests in the coming months, a recent report shows.
Dr Rania Al-Mashat, Egypt’s Minister of International Cooperation, tells Investment Monitor how the pandemic has accelerated change in the country, especially in terms of gender policy.