Egypt posts $2.8bln net FDI during 1H of FY 2018/2019: CBE

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Egypt’s net Foreign Direct Investment (FDI) registered $2.8 billion according to the balance of payments initial data issued by the Central Bank of Egypt for the first half of the fiscal year 2018/2019.

The CBE clarified that the FDI in Egypt registered total inflows of $6.6 billion within 6 months versus $6.57 billion in the comparable period.

While the FDI recorded net total outflow of $3.8 billion in the same period versus $2.8 billion in the comparable period

In addition, Foreign Direct Investment (FDI) in Egypt has been significantly picking up, with total private investment increasing by 47 percent.

The country aims to increase net FDI to $11 billion in 2018-2019 and to gradually escalate to about $20 billion in 2021-2022. Similarly

On the other hand, the capital and financial account achieved net inflows of $ 1.8 billion during the period (July 2018 / December 2018).