Egypt’s net FDI surges 53% in first 9 months of 2021/22

By Amwal Al Ghad English On Jul 31, 2022

Egypt tourism — The bustling, sprawling metropolis of Cairo on the banks of the River Nile (Photo Credit: Anton Aleksenko)

Egypt’s net foreign direct investment (FDI) surged by 52.9 percent in the first nine months of the 2021-2022 financial year that ended on June 30, the central bank said.

FDI stood at approximately $7.31 billion in the first nine months of the 2021-2022 year from $4.78 billion in the same period in the 2020-2021 year.