Economy

Mauritania attracts foreign direct investment worth $5.4 billion

Nouakchott (INA) - A recent report showed that Mauritania attracted about $5.4 billion in direct investments between January 2013 and May 2015, which represents 0.2% of the total direct investments in the world during this period. The report, published by the United Nations Conference on Trade on Foreign Direct Investments in the countries of the world, indicated that foreign direct investments decreased by 16 percent in 2014, after two years of growth, reaching $1230 billion instead of $1450 billion during the year 2013. The report attributed this decline to the fragility of the global economy, investor uncertainty about the political direction and high geopolitical risks. The annual report titled “Reforming the Governance System for Direct Investments” stated that developing countries were able to obtain the equivalent of 55 percent of the total global direct investments, amounting to 681 billion US dollars, while developed countries declined by 28 percent, bringing the volume of direct investments in them to 499 billion dollars. Billion dollar. In 2014, Africa was able to attract foreign direct investments worth $54 billion, which represents 2 percent of the total direct investments in the world. Nafeh / P. Jaddan / H.p

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