Where capital flows (TTME Jan09 p18-20)

Traditionally the Middle East has been seen as a magnet for inward investment. Foreign corporations have invested substantial capital and human resources over decades in a bid to develop the potential of the region's energy wealth.

While capital continues to flow into the region it is no longer a one way street. Investment and capital is now moving out the region as Middle Eastern companies are leveraging the resources of the region to establish themselves as key players in the emergence of an increasingly globalised economy.