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.

Related Articles

Erdogan: Turkey may strike Kurdish militants in Iraq’s Quandil Mountains “at any moment one evening”

Turkey will strike Kurdish militant camps in the mountains of northern Iraq if Baghdad does not itself clear the area of militants, President Recept Tayyip Erdogan said on June 7. On June 6, ... more

UAE investor to develop $500mn agri-food group in Romania

The Al Dahra Group of the United Arab Emirates (UAE) wants to purchase nearly 60,000 hectares of agricultural land along the Danube River, develop a logistics company including water and road ... more

UAE to buy major stakes in Kazakh special economic zones

The United Arab Emirates’ (UAE’s) global port operator Dubai Ports World on March 24 signed two framework agreements to acquire stakes in Kazakhstan’s two Special Economic ... more