Egypt’s FDI Hits $2.1 billion in H1 – Minister

Egypt’s Investment Minister Osama Saleh announced on Monday that foreign direct investment (FDI) hit US$ 2.1 billion in H1-FY14.

In a press conference held on the sidelines of Cityscape Egypt Business Breakfast on Tuesday, the minister noted that the Egyptian government is targeting FDI of US$ 4.0 billion in FY14.

Despite the ongoing security and political instability, Egypt’s net foreign investments attained around US$ 9.2 billion over the last three years, he added.
Moreover, the minister also stated that private investments in Egypt reached EGP 36 billion in the first quarter of the current fiscal year.