Net Foreign Direct Investments Hit US$ 108.1 Mln In Sept. 2012

Net foreign direct investments in Egypt fell 94.2% in Q1 of FY 2012/2013 to reach US$ 108.1 million at the end of last September, compared to US$ 1.86 billion at the end of last June. The net foreign direct investments also fell 75.4% (US$ 440.1 million) in a year.

According to the Central Bank of Egypt’s recent report, the total value of inflows reached US$ 2.255 billion and outflows registered US$ 2.147 billion in Q1 of FY 2012/2013.

Investments inflows from the European Union witnessed a severe drop as it reached US$ 1.176 billion at the end of last September, compared to US$ 4.245 billion at the end of last June. Investment inflows from USA rose to US$ 654 million at the end of Q1 of the current fiscal year, compared to US$ 148.7 billion at the end of last June.

Investments inflows from the Arab countries surged to US$ 163.6 million, compared to US$ 153.2 million. Investments inflows from the rest of the world’s countries rose to US$ 261.1 million, compared to US$ 95.8 million.