Egypt Is The Second Most Attractive Arab Destination For FDI

Giving More to Your Wealth
27 Jun 2021

According to a report by AIECGC (The Arab Investment & Export Credit Guarantee Corporation), Egypt accounted for 15% of all FDI (foreign direct investment) inflows in the Arab region in 2020, with FDIs of USD5.9bn. The UAE had the most inflows, representing 49% with USD19.9bn, followed by Egypt and then Saudi Arabia. The sectors that received the most inflows in the region were business services, software, and financial services, receiving 50% of the inflows. In the Arab region, FDI inflows increased by 2.5% to reach USD40.5bn. The top 5 countries by the value of inflows received 95% of all inflows into the region.

On a related note, and according to a report by UNCTAD (The United Nations Conference on Trade & Development), Egypt was the top recipient of FDI in Africa in 2020. With USD5.9bn of FDI inflows, Egypt represented 15% of all FDI inflows into Africa. Egypt was followed by the Republic of Congo and then South Africa. Regionally within Africa, Egypt represented over half of the FDI inflows to the North Africa region. (Source: AIECGC (English), UNCTAD (English), Zawya (English), Reuters, Mubasher, Amwal al-Ghad, Arab Finance)

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