ID :
73747
Tue, 08/04/2009 - 15:39
Auther :
Shortlink :
https://oananews.org//node/73747
The shortlink copeid
UAE tops Arab states in M&A investment
Dubai, Aug 4, 2009 (WAM) - The UAE has pumped more than US$81 billion (Dh297.5bn) into cross-border mergers and acquisitions (M&A) over the last eight years to emerge as the largest Arab investor in such operations, official figures showed yesterday according to "Emirates Business 24|7."
The UAE has also been the top Arab capital exporter and the second largest recipient of foreign direct investment (FDI) in the region after Saudi Arabia, according to the figures by the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC), a key Arab League financial organisation.
Between 2000 and the first half of 2008, the UAE finalised M&A transactions worth about US$81.6bn, including nearly US$27bn in the first half of 2008, IAIGC said in its 250-page investment report for 2008.
The value accounts for more than 30 per cent of the total Arab M&A deals of about US$269.5bn and is mostly a result of a spate of global acquisitions by the major UAE companies over the past few years, mainly the Abu Dhabi-based Taqa and Aabar, the International Petroleum Investment Company (Ipic), Dubai Ports, Emaar of Dubai, and other public and private firms.
The figures showed the UAE deals included about US$63.8bn as "buy" transactions and US$17.8bn as "sale" transactions during that same period.
Egypt emerged as the second largest M&A investor in the Arab World, with a total value of about US$53bn, including US$26.5bn as "buy" and the same value as "sell" deals. Saudi Arabia was third with a total value of about US$25.1bn, followed by Kuwait with US$12.3bn and Qatar at US$8.6bn.
The report showed total Arab M&Q deals were valued at nearly US$269.5bn between 2000 and the first half of 2008, including US$158.6bn as "buy" and nearly US$110.9bn as "sell" transactions.
In the "buy" deals, the Arab countries accounted for nearly 4.2 per cent of the total global M&A transactions value of US$621.3bn in the first half of 2008, while in the "sell" deal, they amounted to nearly 4.9 per cent.
The report also showed the UAE finalised 321 M&A deals between 2000 and the first half of 2008, including 199 "buy" and 122 "sell" transactions. Total Arab M&A deals stood at 1,090 including 572 "buy" deals and 518 "sell" transactions.
The UAE also emerged as the largest Arab capital exporter in 2008, with a cumulative fund outflow of around US$25.9bn during 1998-2007. It was followed by Kuwait, with about US$22.6bn and Saudi Arabia at US$18.8bn.
The UAE also topped the list of inter-Arab investors in 2008, pumping about US$10.7bn in capital into other Arab nations.
A breakdown showed Saudi Arabia was the main beneficiary of these investments, receiving nearly US$5.8bn. The UAE investments stood at about US$1.94bn in Libya, about US$748m in Egypt, US$619m in Morocco, US$212m in Syria, US$110m in Tunisia and US$73m in Algeria.
Egypt was the second largest inter-Arab investor in 2008, pumping about US$3.5bn. Oman came third with about US$2.6bn.
In terms of FDI, Saudi Arabia was the top Arab destination in 2008, receiving about US$26.6bn, nearly 33 per cent of the total FDI in the region.
The UAE was second with about US$13.7bn, nearly 15.3 per cent of the total amount.
It was followed by Egypt and Algeria, with about US$12.5bn and US$9.4bn.
Total Arab FDI increased by nearly US$15bn to about US$89.2bn in 2008 from US$74.01bn in 2007. This brought the cumulative Arab FDI to about US$349bn between 1998 and 2008, according to IAIGC.
"FDI flow into the Arab World has picked up over the past few years despite the global financial crisis," said Fahd Al Ibrahim, IAIGC Director-General.
"In 2008, FDI flow grew by nearly 20.5 per cent to boost the Arab share of global FDI to 5.3 per cent from 3.9 per cent in 2007. "This development is a result of an improvement in investment laws in the region and the introduction of more incentives by key investment players in the Arab World." –
The UAE has also been the top Arab capital exporter and the second largest recipient of foreign direct investment (FDI) in the region after Saudi Arabia, according to the figures by the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC), a key Arab League financial organisation.
Between 2000 and the first half of 2008, the UAE finalised M&A transactions worth about US$81.6bn, including nearly US$27bn in the first half of 2008, IAIGC said in its 250-page investment report for 2008.
The value accounts for more than 30 per cent of the total Arab M&A deals of about US$269.5bn and is mostly a result of a spate of global acquisitions by the major UAE companies over the past few years, mainly the Abu Dhabi-based Taqa and Aabar, the International Petroleum Investment Company (Ipic), Dubai Ports, Emaar of Dubai, and other public and private firms.
The figures showed the UAE deals included about US$63.8bn as "buy" transactions and US$17.8bn as "sale" transactions during that same period.
Egypt emerged as the second largest M&A investor in the Arab World, with a total value of about US$53bn, including US$26.5bn as "buy" and the same value as "sell" deals. Saudi Arabia was third with a total value of about US$25.1bn, followed by Kuwait with US$12.3bn and Qatar at US$8.6bn.
The report showed total Arab M&Q deals were valued at nearly US$269.5bn between 2000 and the first half of 2008, including US$158.6bn as "buy" and nearly US$110.9bn as "sell" transactions.
In the "buy" deals, the Arab countries accounted for nearly 4.2 per cent of the total global M&A transactions value of US$621.3bn in the first half of 2008, while in the "sell" deal, they amounted to nearly 4.9 per cent.
The report also showed the UAE finalised 321 M&A deals between 2000 and the first half of 2008, including 199 "buy" and 122 "sell" transactions. Total Arab M&A deals stood at 1,090 including 572 "buy" deals and 518 "sell" transactions.
The UAE also emerged as the largest Arab capital exporter in 2008, with a cumulative fund outflow of around US$25.9bn during 1998-2007. It was followed by Kuwait, with about US$22.6bn and Saudi Arabia at US$18.8bn.
The UAE also topped the list of inter-Arab investors in 2008, pumping about US$10.7bn in capital into other Arab nations.
A breakdown showed Saudi Arabia was the main beneficiary of these investments, receiving nearly US$5.8bn. The UAE investments stood at about US$1.94bn in Libya, about US$748m in Egypt, US$619m in Morocco, US$212m in Syria, US$110m in Tunisia and US$73m in Algeria.
Egypt was the second largest inter-Arab investor in 2008, pumping about US$3.5bn. Oman came third with about US$2.6bn.
In terms of FDI, Saudi Arabia was the top Arab destination in 2008, receiving about US$26.6bn, nearly 33 per cent of the total FDI in the region.
The UAE was second with about US$13.7bn, nearly 15.3 per cent of the total amount.
It was followed by Egypt and Algeria, with about US$12.5bn and US$9.4bn.
Total Arab FDI increased by nearly US$15bn to about US$89.2bn in 2008 from US$74.01bn in 2007. This brought the cumulative Arab FDI to about US$349bn between 1998 and 2008, according to IAIGC.
"FDI flow into the Arab World has picked up over the past few years despite the global financial crisis," said Fahd Al Ibrahim, IAIGC Director-General.
"In 2008, FDI flow grew by nearly 20.5 per cent to boost the Arab share of global FDI to 5.3 per cent from 3.9 per cent in 2007. "This development is a result of an improvement in investment laws in the region and the introduction of more incentives by key investment players in the Arab World." –
