Revealed: The importance of the UAE to Latin America economies – ArabianBusiness

  • Date: 26-Mar-2022
  • Source: Arabian Business
  • Sector:Economy
  • Country:UAE
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Revealed: The importance of the UAE to Latin America economies – ArabianBusiness

The UAE accounted for 77 percent of GCC investments in Latin American markets between 2016 and 2021, amounting to $4 billion, according to new research.

A new whitepaper released by Dubai Chamber of Commerce in collaboration with Economist Impact, showed that the UAE was well ahead of the second largest investor, Saudi Arabia, which accounted for 22 percent, followed by Qatar with just 1 percent.

Half of the investments from the GCC to Latin America were directed to logistics, distribution and transportation companies, in the region with DP World accounting for large share of the investments.