Arab countries invest the most in Egypt, UAE comes first

Newspaper Title: https://www.egyptindependent.com/

Newspaper Number:

Sunday - 21 August 2022

The Central Bank of Egypt announced that Arab countries are at the forefront of nations investing with Egypt, with net direct investments amounting to $6.350 billion during the July to March period of the 2021/2022 fiscal year, compared to $2.327 billion in the corresponding period of the previous year – a growth rate of 172.88 percent.

In the monthly statistical bulletin, the bank said that on a quarterly basis, net foreign direct investments rose to $ 3.51 billion during the third quarter, compared to $1.91 billion in the second quarter, with a growth rate of 83.8 percent.

UAE tops the list

The UAE ranked first in the countries with the highest investments in Egypt, with a net investment of $2.67 billion in the third quarter of the fiscal year 2021/2022, compared to $1.47 billion during the second quarter, with a growth rate of 81.63 percent.

Kuwait ranked second with net investments of $168 million during the third quarter, compared to $ 155 million in the second quarter, with a growth rate of 8.39 percent.

Qatar ranked third with about $140 million net direct investments during the third quarter of the fiscal year 2021/2022, compared to $109 million in the second quarter, with a growth rate of 28.44 percent.

In fourth place, Bahrain came with net direct investments amounting to $121 million during the third quarter, compared to $55 billion in the second quarter, with a growth rate of 120 percent.

Saudi Arabia came in fifth place with net direct investments amounting to $108 million during the third quarter, compared to $80 million during the second quarter, with a growth rate of 35 percent.

In sixth place, Jordan came with net direct investments of $30 million during the third quarter of the fiscal year 2021/2022, compared to seven million dollars in the second quarter, with a growth rate of 328.57 percent.

Morocco ranked seventh, with net direct investments amounting to $17 million during the third quarter, compared to $14 million in the second quarter, with a growth rate of 21.43 percent.

Lebanon ranked eighth with net direct investments worth four million during the third quarter of the fiscal year 2021/2022, compared to one million dollars during the second quarter, with a growth rate of 300 percent.