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Arab Renewable Energy Projects Attracted $120bln In Fdi In 2022

Arab countries received foreign investments of nearly $120 billion in renewable energy projects in 2022, according to an official report. These investments in renewable energy accounted for nearly 60 percent of the total Foreign Direct Investment (FDI) received by the Arab region during 2022, a report by the Inter-Arab Investment Guarantee Corporation, a key Arab League institution, said. In its annual report, the Corporation said the projects involved 38 foreign companies and provided over 30,000 jobs.

Link: https://www.zawya.com/en/projects/utilities/arab-renewable-energy-projects-attracted-120bln-in-fdi-in-2022-jt6n2l71

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