Egypt’s net FDI inflows surged by 183.4% during Q1 of 2022 (aka. Q3 of FY 2021/2022), hitting $4.05 billion compared to $1.43 billion in Q1 of 2021
Egypt’s net foreign direct investment (FDI) inflows rose by 52.9% during the first 9 months of the previous fiscal year (FY 2021/2022), with investments reaching $7.3 billion compared to $4.8 billion in the same period in FY 2020/2021.
According to data released by the Central Bank of Egypt (CBE), Egypt’s net FDI inflows surged by 183.4% during Q1 of 2022 (aka. Q3 of FY 2021/2022), hitting $4.05 billion compared to $1.43 billion in Q1 of 2021.
This makes it the strongest quarter in terms of FDI inflows since 2018, according to the CBE.
The CBE data set also showed that net outflows of the indirect investment portfolio jumped to around $15.05 billion during the first 9 months of the previous FY, bringing the total portfolio to around $37.3 billion at the end of March, compared to about $52.4 billion at the end of June 2021.
Egypt ranked 3rd among Arab countries in terms of FDI inflows in 2021 with a recorded $5.4 billion, revealed data from the Arab Investment and Export Credit Guarantee Corporation, cited by the cabinet’s Information and Decision Support Centre (IDSC) on Monday. The sum represents 16.4 percent of total FDI inflows to the region.
