According to the latest report by the United Nations Conference on Trade and Development (UNCTAD), the UAE and Saudi Arabia received 80% of the total $278bn foreign direct investments (FDI) that flowed into the GCC during the past two decades, Khaleej Times has reported. The UAE was the second largest recipient with $73.4bn, or 26% of the total FDI during the period, while Saudi Arabia was the largest Arab destination for FDI, attracting nearly $147.1bn over the two decades, UNCTAD's 2010 global investment report said.