Foreign direct investment in Egypt rises to $6.8bn during 2015/16

The net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said International Cooperation minister Sahar Nasr.

Earlier, the direct investments recorded $6.4 billion during the financial yea 2014/2015, due to the increase in the net inflow of incoming investments to establish companies and increase in company capital, which reached $4.5 billion dollars, Nasr stated.

She further added that the investment reached $4.3 billion during the first half of this financial year, compared with $3.1 billion during the same half financial year earlier.

Finance Minister Amr el-Garhy said on Monday that Egypt expects foreign direct investment to increase to $13.15 billion within the next financial year, after a currency flotation in November revived investors’ interest in the country.

Source: Al-Masry Al-Youm