Arabs Investments in Egypt Hit $433.8mn in 2013, UAE Ranks 1st

Big 5

The value of Arab countries’ investments in Egyptian market has totalled around $433.8 million by the end of 2013.

According to a recent report by the Central Bank of Egypt (CBE), the United Arab Emirates (UAE) has captured the lion’s share of total investments of the Arab states in Egypt. By 2013-end, the investments owned by the UAE in the Egyptian market reported a record growth to hit $104.9 million, compared to $59.5 million pumped at the end of September 2013.

Coming in the second position, Kuwait’s total investments in Egypt reached $77.5 million at 2013-end. Saudi Arabia ranked third, with total investments in Egypt worth around $57.3 million by 2013-end.

Moreover, Qatar came fourth with total investments in Egypt at value of $53.2 million at 2013-end, remarkably up from $13.2 million achieved by end of September 2013.

Net Foreign Direct Investment (FDI) in Egypt grew by $356 million at the end of December 2013 to reach $1.602 billion compared to $1.246 billion at September-end, latest CBE figures showed on Saturday.