The World Bank praised the economic reforms implemented by Egypt, which contributed to improving macroeconomic stability, enhancing investor confidence and increasing foreign direct investment flows. It revealed the increase in the volume of FDI flows to Egypt during the past year, by 11% to 9 billion dollars, describing Egypt as a "bright spot" in the MENA region, with regard to foreign direct investment inflows during the year 2019, indicating that a large part of these flows were directed to the oil and gas sector, while the telecommunications and consumer goods sectors received a share of the inward capital to Egypt.
According to the World Bank, foreign direct investment inflows into the Middle East and North Africa region decreased by 13 percent, reflecting a marked slowdown in investment across the region. At the country level, foreign direct investment flows to Morocco halved to $1.4 billion, decreased by 18% in Tunisia to $817 million in conjunction with the slowdown in economic growth, and decreased by 16% in Lebanon to $2.2 billion with the reluctance of investors because of the continuing economic crisis. It should be noted that the "World Investment 2020" report issued by the United Nations Conference on Trade and Development "UNCTAD" highlighted Egypt's superiority as a first destination for investment in Africa for the third year in a row.
Source (Youm7 Website, Edited)
