Investing in the Middle East and North Africa for Modernisation - A preliminary assessment
Article from: OGEL 2 (2004), in Economic and Commercial Context for Oil, Gas and Energy Law
The Middle East and North Africa (MENA) countries offer many opportunities to investors, both domestic and international; yet, its policymakers have not given due importance to investment as a driver of economic growth, nor have they made serious efforts to create a truly business friendly climate and promote opportunities to those who move investment flows. Poor foreign direct investment (FDI) figures reflect poor integration into the global economy and the consequent marginalisation in terms of global economic activity. Not only are FDI levels very low in many countries of the ...