Asia overtake North America, Europe in foreign investment

In 2014 companies in developing countries invested $440 billion abroad and Turkish foreign investment rose by 89 percent last year

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Companies based in Asia, mainly China and Hong Kong, eclipsed North America and Europe for the first time in foreign direct investment (FDI) last year, according to figures released Monday by the UN Conference on Trade and Development (UNCTAD).

“Developing Asia has become, for the first time, the world's largest investor region with US$440 billion invested, followed by North America [US$390 billion] and Europe [US$286 billion],” the report said.

Developing or transition economies such as Hong Kong, China, the Russian Federation, Singapore, South Korea, Malaysia, Chile, Kuwait and Taiwan were among the 20 largest investors.

The overall share of total global FDI by companies in developing countries rose to 36 percent in 2014 from 12 percent in 2007, according to the report.

While FDI from emerging economies enjoyed a 30 percent increase last year, Turkish companies made $6.8 billion dollars of investments abroad, marking a 89 percent rise from the previous year.

TRTWorld and agencies