CBE: Foreign Direct Investments Hit $200 mln In 9 Months

The volume of the foreign direct investment (FDI) reached $ 200 million throughout the period from June to March; recording $ 1.4 billion by the end of March 2013 as total volume of FDI, compared to $ 1.2 billion at the same period of the previous fiscal year.

This came as an outcome for shrinking the net outflows of investments in petroleum sector to $ 607.5 million.

On the other hand, the capital and financial accounts during June-March period revealed the decline of net outflows of investments in portfolio securities in Egypt to $ 790.9 million, against new outflows of $ 4.6 billion during the same period of the last fiscal year, due to foreigners’ selling  for treasury bills, which amounted to $ 14.7 million.