FDI Soars by 183% YoY in 1Q22

Giving More to Your Wealth
01 Aug 2022

The CBE (Central Bank of Egypt) reported that net FDI (Foreign Direct Investment) has shot up by 183% YoY in 1Q22, reaching USD4.1bn. This is the highest level for net FDI since 1Q18. During 9M21/22, net FDI rose by 53% YoY to USD7.3bn. The Minister of Finance had said earlier that Egypt is targeting USD10bn/year in FDI.

A recent report by UNCTAD (U.N. Conference on Trade & Development) ranked Egypt as the second-highest recipient of FDI in Africa in 2021 and the top recipient in 2020. Also, the IDSC (Egyptian Cabinet’s Information & Decision Support Center) revealed that Egypt was the third most popular Arab country for FDI in 2021. They said that Egypt represented over 16% of all FDI inflows in the Arab region in 2021. (Sources: State Information Service (English), al-Ahram (English), Egypt Today (English) [1] [2], Business Today Egypt (English) [1] [2], Sada el-Balad (English) [1] [2], Mubasher, al-Borsa [1] [2], Amwal al-Ghad, Economy Plus, al-Youm al-Saabe, al-Shurouk, al-Watan, Akhbar al-Youm, Masrawy [1] [2], CNBC Arabia, Xinhua)

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