The Central Agency for Public Mobilization and Statistics in Egypt revealed that investment flows into Egypt increased slightly during the second quarter of the fiscal year 2019/2020, to record about $4.9 billion, compared to about $4.8 billion during the same period of the last fiscal year.
The net FDI recorded about $2.6 billion during the second quarter of the fiscal year 2019-2020, compared to about $2.8 billion during the same period in the fiscal year 2018-2019, while net outflows reached about $2.3 billion, compared to $2 billion during the comparison period, which is an increase of about 18 percent.
According to the statistics agency, net foreign direct investment increased by about $773.8 million, as foreign direct investment recorded a net inflow of $5 billion during the first half of the fiscal year 2019-2020, compared to about $4.2 billion during the same period of the fiscal year 2018-2019 which represents an increase of about 19.04 percent.
The increase in net foreign investment is attributed to the increase in net investment received for establishing companies or increasing the capital of some companies by about $1.2 billion reaching up to $3.2 billion.
Source (Al-Arabiya.net, Edited)
