Egypt ranks 29 out of 58 countries in the foreign direct investments index, 16 out of 55 in global services index, 25 out of 135 in market size index and 49 out of 160 in logistics performance index, Invest-Gate reports.
“Net foreign direct investment (FDI) in Egypt in FY2015-2016 hit around USD 6.8 bn compared to USD 6.4 bn in FY2014-2015, as a result of the increase in the net inflow of inward investments or the increase in capital reaching USD 4.5 bn,” announces Minister of Investment and International Cooperation Sahar Nasr.
“Net foreign direct investment totalled USD 4.3 bn during the first half of FY2016-2017 compared to USD 3.1 bn during the same period in FY2015-2016,” she continued.
In terms of economic indices, the growth rate rose to 4.3% during FY2015-2016 compared to 4.4% y-o-y. Total investments amounted to EGP 392 bn during FY2015-2016, with the private sector occupying 58% or EGP 227.3 bn. Net international reserves, meanwhile, hit USD 26.5 bn by the end of February.