The Middle East and North Africa is one of the least economically integrated regions in the world, which holds back economic growth.
One of IFC’s strategic priorities is to help MENA companies expand into neighboring countries and other parts of the developing world. This process allows industry-leading firms to transfer their knowledge and skills into new markets, creating jobs, boosting growth, and improving local standards. IFC has facilitated around $6 billion worth of these South-South investments in the last decade, of which more than 60 percent have been with Gulf Cooperation Council investors.
The investments are part of an effort to support regional champions, companies primarily from the GCC that have the ability to expand into emerging markets. That work has helped in a range of areas, from supporting smaller business in Sub-Saharan Africa to improving water treatment in Asia.