Foreign direct investment from stumbling in 2010 to start in 2019

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Wednesday - 25 September 2019 - 9:57 AM

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Foreign direct investment index has been praised as a result of positive developments that achieved by this indicator in the past three years.

 

 

After a decline in foreign investment from $6.7 billion in 2010 to $3.7 billion in 2013 due to Egypt's entry into crisis, Egypt has recovered to reach $8.7 billion in 2017 after many supporting efforts to attract foreign investment, and it is intended to reach at the rate to the level of $11 billion in 2020, to become the annual rate of investment

 

 

The success in attracting foreign investment was a motivation for a large number of international financial institutions to praise the Egyptian economy, where the Bank of The Rand Merchant of South Africa, confirmed that Egypt is the first destination for Africa in the attractiveness of foreign direct investment in 2018, while the American investment bank "J.P. MORGAN CHASE " also praised the Egyptian economy, explaining that there are  many promising opportunities in the Egyptian market, especially since the government has embarked on many initiatives to reform the economy.

 

 

In the same context, the African Development Bank said that industrial development will increase in Egypt in the coming years, paving the way for comprehensive and sustainable growth, while the European Bank for Reconstruction and Development confirmed the continued acceleration of the rate of economic growth, achieving 5.3%, during 2018, which is the Highest during 10 years.