Foreign Direct Investment

Egypt emerges as prominent investment destination in Africa | UNCTAD

Sun, 14 Jul 2024 - 02:06 GMT

The FDI in Egypt accounted for 18.6% of Africa’s total investments, reaching $52.6 billion.

Egypt aims to boost FDI by 15% in fiscal year 2024/2025

Mon, 01 Jul 2024 - 01:13 GMT

Hossam Heiba, CEO of the Egyptian General Authority for Investment and Free Zones (GAFI), announced the ambitious target, stating that FDI reached $6 billion in the first half of the previous fiscal year. He added that a recent deal in Ras El-Hekma is expected to further increase the final figure for 2023-2024.

Egypt's FDI surges to $10B in FY 2022/23, marking 15-year high

Mon, 26 Feb 2024 - 10:07 GMT

Through analyzing the evolution of net foreign direct investments over the past nine years, excluding the COVID-19 period, foreign direct investments entering non-petroleum sectors reached a net flow of $11 billion.

Egypt's FDI increased by 120% during FY22/23: CAPMAS

Thu, 23 Nov 2023 - 03:56 GMT

The report also highlighted the FDI performance in previous quarters. In the second quarter (Q2) of FY2022/2023, FDI recorded $2.4 billion, while in the first quarter (Q1) of the same fiscal year, it amounted to $3.3 billion

Net foreign direct investment in Egypt rises to $7.9B in 9 months

Wed, 26 Jul 2023 - 01:20 GMT

The CBE detailed that net foreign direct investment from July 2022 to March 2023 amounted to approximately $7.945 billion, compared to about $7.348.5 billion in the corresponding period of the previous year, indicating an increase of $596.9 million.

Egypt ranks as top destination in MEA region for FDIs in 2022

Wed, 17 May 2023 - 04:32 GMT

The report states that the number of foreign direct investment (FDI) projects into Egypt increased by more than 150 percent to reach 148 projects in 2022, representing an estimated capital investment of $107 billion.

Egypt has become attractive destination for FDI: Finance min.

Thu, 01 Sep 2022 - 03:56 GMT

The minister, meanwhile, stressed that the Egyptian economy has shown strong performance, resilience and ability to absorb shocks.

Egypt’s net foreign reserves increased by 53% to $7.3B in 9 months

Sun, 07 Aug 2022 - 04:19 GMT

Net foreign direct investment in Egypt recorded about $7.3 billion during the period from July 2021 until the end of March 2022, compared to $4.78 billion in the same period of the previous fiscal year.

FDI in Egypt surges 183% during Q1 of 2022

Mon, 01 Aug 2022 - 12:09 GMT

Thus, net foreign direct investment in Egypt recorded the highest value since the first quarter of 2018, which amounted to $6.9 billion at the time.

Egypt aims to attract $10B in FDI: Minister

Mon, 13 Jun 2022 - 06:15 GMT

Maait elaborated that this comes in a manner that ensures raising economic growth rates, creating more job opportunities, and enhancing aspects of spending on improving the standard of living of citizens and upgrading the services provided to them.

Egypt remains top recipient of FDI in Africa for 5th year in a row

Mon, 16 May 2022 - 08:22 GMT

Egypt has remained as a top recipient of foreign direct investment in Africa for the fifth year in a row in 2020/2021, reaching $5.9 billion, which represents 53 percent of foreign direct investment directed to North Africa.

Egypt remains largest recipient of foreign direct investments in Africa in 2020: UNCTAD

Tue, 22 Jun 2021 - 11:54 GMT

The foreign direct investments in Egypt were estimated at $5.9 billion in 2020, the UNCTAD said in its World Investment Report 2021 report on Monday.

FRA approves establishing first direct investment company in Egyptian market

Wed, 09 Jun 2021 - 05:05 GMT

A well-placed source at FRA said the approval came in line with the capital market law no 95 of 1992 and its executive statute.

Egypt top destination for FDI in Arab world during 2015-2020

Tue, 04 Aug 2020 - 12:15 GMT

The country accounted for 35.2 percent of the $340 billion invested in the region throughout the period.

Cabinet: FDI Intelligence upgrades Egypt position on map of foreign investments

Mon, 27 Jul 2020 - 01:51 GMT

Egypt is exerting efforts to create an investment-friendly climate and outline legislation in this regard, it added.

Foreign direct investment in Egypt reaches $8.5B in 2019

Thu, 30 Jan 2020 - 04:18 GMT

The World Investment Report 2019 included that foreign investment in Egypt was leaning towards the oil and gas industry, as Egypt's important discoveries of gas reserves abroad attracted investments from multinational companies.

Saudi Arabia’s direct investment in Egypt records $69.3M in Q1 of 2019/20

Wed, 29 Jan 2020 - 01:50 GMT

Saudi Arabia’s direct investments in Egypt represent 8.4 percent of the total Arab countries’ investments in the first quarter of the current fiscal year.

Egypt ranks 1st in FDI flows in Africa: report

Fri, 07 Dec 2018 - 11:49 GMT

Egypt ranked first in Africa in terms of foreign direct investment (FDI) flows, with the volume of investments hitting 7.4 billion dollars in 2017.

Egypt’s share of global FDI increases compared to 2017: GAFI

Thu, 25 Oct 2018 - 10:18 GMT

GAFI added that private investments hiked 47 percent, to reach LE 316 billion, compared to LE 213 billion during 2017.

Net FDI amounts to $1.9B in Q2 of 2017/2018

Sun, 03 Jun 2018 - 01:32 GMT

The total internal inflows reached $3.4 billion compared to $3.9 billion during the same period of last year.