MANAMA: Saudi economic activities in the UAE markets have topped other GCC economic activities during the past decade and have doubled in one year to a staggering 8,895 investors (44.1 percent) across the numerous investment and development sectors in the UAE.
According to a report on investments during 2007, issued by the Ministry of Finance, the largest number of Saudi investors, 4,010 in total, was concentrated in the commerce sector, and was followed by 655 investors in the occupational sector, the industrial sector, as well as other sectors such as medicine, legal practice, insurance and transport.
Kuwaiti investors came in second at 2,233; half of these were concentrated in the commerce sector, followed by 1,455 investors in the occupational and industrial sectors, among others.
Kuwaitis, according to the report, also account for the largest number of property ownership in the UAE (1,603), followed by the Saudis (1,357). Other statistics put Qatari investors third, with Bahrain and Oman having the least number of investors among the GCC countries.
