Egypt’s Foreign Direct Investment Hits $ 1.074 bln in March-End: C.Bank

Foreign direct investment (FDI) has hit a record around jumping to 456%, move up by  $1.074 billion net profit in the last third quarter of 2012-2013 FY in compared to the previous quarter and which the value of net foreign investment up around $ 193 million, while FDI recorded 32% decline compared to the previous quarter of the FY.

The internal Foreign direct investment  recorded about $ 2.159 billion compared to $ 1.085 billion foreign net profit, according to the latest data released by the Central Bank of Egypt (CBE).

The European Union (EU) ranked first in the direct investment list with net profit worth $ 955 million, followed by Arab States with around $ 602 million then the USA with $ 446 million and finally the rest countries with $ 158 million net investments.