Arab countries’ investments in Egypt fell to $500 million in the third quarter of the 2017/18 financial year, central bank data showed on Tuesday.
Investments stood at $722 million by the end of 2017.
UAE was Egypt’s biggest Arab investor during the third quarter, with investments worth $328 million, the data added. Saudi Arabia’s investments in the North African country reached $78 million, to rank second.
Qatar and Kuwait investments in Egypt recorded around $16.1 million and $15.5 million, respectively. Jordanian investments reached $2.2 million approximately.
Net foreign direct investments in Egypt reached around $2.2256 billion by the end of March.