Egypt's net Foreign Direct Investment remains stable year-on-year at $1.38bn in Q1 FY2015/2016

By bne IntelliNews January 20, 2016

Egypt's net Foreign Direct Investment (FDI) remained stable at $1.38bn in Q1 (July-September) FY2015/2016 ending in June compared to $1.32bn in the same period the previous year, the central bank reported.

Direct investment inflows during the quarter stood at $2.93bn with European Union countries as a block taking the lead investing around $2bn. The largest contribution at $1.39bn came from the UK, traditionally Egypt’s largest single source of foreign investment. It was followed by the Netherlands at $204.3mn.

The Arab countries as a block were the second largest investor in Egypt channeling $350mn in investments in total during Q1 FY2015/2016. The United Arab Emirates at $146mn took the lion’s share of Arab investments accounting for 41% of the total. Saudi Arabia came in second place putting in $60.1mn during the quarter. 

Egypt total FDI outflows amounted to $1.54bn in Q1 FY2015/2016 down by 8% y/y. Egypt does not publish figures on the destination of FDI outflows.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Erdogan warns Iraqi Kurds will lose “opportunities” if independence vote proceeds

Turkish President Recep Tayyip Erdogan has warned the Iraqi Kurds that it is in their interests to call off their planned September 25 independence referendum because it “may lead to a process that ... more

Russia’s Rosneft mulls Kurdistan-Turkey-Europe gas pipeline

Russia’s Rosneft is exploring the possibility of building a 30bn cubic metre (bcm) pipeline that would from 2020 deliver natural gas supplies from the Iraqi Kurdistan region to Turkey and ... more

‘Fruit juice moment’ indicates Iran making serious trade incursions in blockaded Qatar

An image of a ‘Produced in Iran’ fruit juice brand aboard a Qatar Airways flight might not appear at all exciting but to Iranians discussing the trade opportunities generated for the Islamic ... more

Most Read

  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    5 days ago
  2. Investors ask which Russian bank domino will be the next to topple
    2 days ago
  3. Russia's Binbank asks central bank for help
    5 days ago
  4. Central and Eastern Europe lags the world in social capital
    2 days ago
  5. Kremlin to launch massive infrastructure projects in 2018
    4 days ago
  1. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    12 days ago
  2. Hungary threatens to block Romania’s OECD accession
    19 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    23 days ago
  4. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    5 days ago
  5. Russia’s government moves from war budget to election budget
    1 month ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss