LOC20:58
17:58 GMT
MANAMA, March 3 (KUNA) -- Kuwait ranks 13th in the best investment market classification of the Organization of Islamic Cooperation's (OIC) 57 member countries, an economic report said Tuesday, with Indonesia topping the list.
There are no relative risks in Kuwait in line with criteria governing growth and investment, the report, co-authored by the Dinar Standard and Thomson Reuters, indicated.
The report, Islamic Growth markets Investment 2015, was released at the end of the the Global Islamic Investment Gateway (GIIC) in Manama.
Malaysia came second as the best investment market, the United Arab Emirates (UAE) came third and was followed by Qatar. Saudi Arabia was seventh.
The report said Gross Domestic Product (GDP) of the OIC member countries grew by 5.4 percent in 2013 to reach USD 6.7 trillion, more than the global average of 3.6 percent.
It said the major investment sectors in the OIC member states were energy, food, agriculture, electronics, tourism, transport, mining and chemicals. (end)
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