Page 14 - Policy Economic Report - June 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 9: Developing Asia: Top 10 investor economies by FDI stock

Source- World Bank

• The decline in FDI inflows to South Asia is mostly explained by a 43% decrease in India, while flows to
other countries remained relatively stable.

• In West Asia, FDI dropped by 9% due to lower M&A sales. However, the region posted growth in both
the number and value of greenfield investments and project finance deal announcements, particularly
in Saudi Arabia, Türkiye, and the United Arab Emirates.

Investing in sustainable development

• Across developing Asia, investment in sectors linked to the Sustainable Development Goals rose
modestly.

• The number of announced greenfield projects in these sectors grew by 30% to 1,225 projects with a
54% rise in value, notably in renewable energy, transport, and telecommunication.

• By contrast, the number of international projects finance deals dipped by 17%, partly offsetting gains
in greenfield FDI for sustainable development.

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