Egypt’s net FDI records $66.7bln over past 10 years – CAPMAS

Egypt’s net foreign direct investment (FDI) has reached $66.7 billion over the past ten years, according to Central Agency for Public Mobilisation and Statistics (CAPMAS) on Sunday.

The value of net foreign direct investment recorded $5.7 billion during the first half of the fiscal year 2022/2023, compared to $3.3 billion during the same period of the fiscal year 2021/2022, recording an increase of $2.4 billion or 75.4 percent.

CAPMAS report added that Saudi Arabia topped the list of the top ten countries investing in Egypt during the first half of the fiscal year 2022/2023, as the value of its investments amounted to $2.1 billion.

UAE followed Saudi Arabia with total investments of $1.5 billion in Egypt, then Italy with $1.2 billion, the United Kingdom with $1.2 billion, the United States of America $1 billion, China $418.6 million, and finally Kuwait $282.2 million, the report said.