MANAMA, Jul 23 (GDN): Bahrain tops the GCC and much of the world in terms of foreign direct investment (FDI) into its economy, a global report revealed yesterday.
It ranks 23rd out of 141 economies in the World Investment Report 2010, launched yesterday by the UN Conference on Trade and Development (UNCTAD).
Bahrain and the GCC are bouncing back from the global recession, with a bright economic future, said UNCTAD investment arm head Nazha Benabbes Taarji-Aschenbrenner.
"We are very optimistic about Bahrain and its economy," she said at the regional launch of the report, at Bahrain's Mšvenpick Hotel.
"Bahrain is very open to inward investment and is well-placed for outward investment. For GCC countries, we are very optimistic, it is a capital hub.
"This region lost a lot and assets have gone down, but we think there is a rebound, so countries will continue to invest into each other."