UAE is largest Arab capital exporter

The UAE has pumped more than $57 billion into foreign markets to emerge as the largest capital exporter in the Arab region, far surpassing the world’s dominant oil power Saudi Arabia, according to UN data.

The funds accounted for nearly 33 per cent of West Asia’s total foreign direct investment (FDI) outflow of nearly $173 billion, showed the figures by the United Nations Conference on Trade and Development (UNCTAD).

The UAE, the second largest Arab economy, also emerged as the second recipient of FDI in the region after Saudi Arabia, attracting nearly $85.4 billion.

By the end of 2011, FDI flow out of the UAE totalled about $57.7 billion, largely surpassing all other individual nations in West Asia.