19 Aug 2021

During a meeting with the Prime Minister, the CEO of the General Authority for Investment & Free Zones revealed that net FDI (foreign direct investment) inflows have risen by an impressive 47% YoY in 3QFY20/21 to reach USD1.4bn. Non-oil sector net FDI inflows increased by 22% YoY, as well as rising by 26% QoQ. Also in non-oil sector FDI, investments that were made to establish and expand companies increased by 33% YoY and 24% QoQ. Furthermore, net FDI inflows with the goal of establishing new companies have increased significantly by 85% versus 1QFY20/21.

(Source: Reuters (English), Egypt Today (English), al-Maal, Mubasher, Hapi Journal, al-Ahram, al-Youm al-Saabe, al-Watan, CNBC Arabia, al-Arabiya)