Egypt ranked 14th among emerging markets in terms of investor confidence, according the index.
Global management consultancy Kearney’s published the FDI Confidence Index 2023 report. For the first time, the report included an exclusive emerging market ranking to give business leaders insights into which emerging markets are most appealing to investors now and over the next three years.
Egypt ranked 14th among emerging markets in terms of investor confidence, according to the index.
The report indicates that the top three factors that investors prioritize when choosing where to make their FDI are transparency of government regulations, technological and innovation capabilities, and tax rates and ease of tax payments.
The Egyptian government has been taking strides to attract foreign investors and increase its foreign currency inflows.
The fDi Insights’ 2023 report states that the number of foreign direct investment (FDI) projects into Egypt increased by more than 150% to reach 148 projects in 2022, representing an estimated capital investment of $107 billion.
The Ministry of Interior released a decision last week to grant foreign investors wishing to carry out business in Egypt a one-year residence. This residence can be renewed for six months or a year through the General Authority for Investment and Free Zones (GAFI) depending on how much time is needed to kickstart the business.
