EU investments to Egypt fall to $925 mln in fourth quarter

euro money

European Union investments in Egypt fell to $1.459 billion in the fourth quarter from the third, a recent report by the Egyptian central bank showed.

Investments stood at $2.384 billion during the third quarter of the 2016/2017 financial year.

UK took the lead on investments to Egypt among EU countries, recording $693 million at the end of June.

Arab investment inflows to Egypt reached $416 million approximately at the end of June, compared to $300 million at the end of March.

Saudi Arabia topped the Gulf investments to Egypt, recording $167.5 million from $37.7 million. UAE investments reached $147.2 million; while Kuwait’s stood at $35.3 million.

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