CAIRO - 24 May 2023: Kearney’s, a global management consultancy, published the FDI Confidence Index 2023 report. The index ranked Egypt 14th among emerging markets in terms of investor confidence.
For the first time, the FDI confidence report included an exclusive emerging market ranking to give business leaders insights into which emerging markets are most appealing to investors now and over the next three years.
The top three factors shows that that investors prioritize when choosing where to make their FDI are transparency of government regulations, technological and innovation capabilities, and tax rates and ease of tax payments.
The Egyptian government has been making great offers to attract foreign investors and increase its foreign currency inflows.
The fDi Insights’ 2023 report states that the number of foreign direct investment (FDI) projects into Egypt increased by more than 150% to reach 148 projects in 2022, representing an estimated capital investment of $107 billion.
The Ministry of Interior released a decision last week to grant foreign investors wishing to carry out business in Egypt a one-year residence. This residence can be renewed for six months or a year through the General Authority for Investment and Free Zones (GAFI) depending on how much time is needed to kickstart the business.
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