Data from the Egyptian Central Agency for Public Mobilization and Statistics showed the development of the value of Arab investments in Egypt. The value of Arab countries’ investments in Egypt rose to the level of $8.2 billion during the fiscal year 2021/2022. While it was about $3.1 billion during the fiscal year 2020/2021, an increase of 163.8 percent.
According to the data, the UAE ranked first in the list of the top ten Arab countries investing in Egypt. The value of its investments amounted to $5.7 billion, followed by Kuwait with $669.3 million. Then Qatar 518.3 million dollars, then Saudi Arabia 491.6 million dollars, then Bahrain 457.9 million dollars, then Tunisia 58.7 million dollars, then Jordan 51.9 million dollars, then Morocco 51.1 million dollars, then Lebanon 28.3 million dollars, and finally Libya 19.3 million dollars.
The value of remittances of Egyptians working in Arab countries increased to record $21.9 billion during the fiscal year 2020/2021, compared to $19.8 billion during the fiscal year 2019/2020, an increase of 10.9 percent. Saudi Arabia ranked first in the list of the top ten Arab countries in the value of remittances of Egyptians working in it during the fiscal year 2020/2021, followed by Kuwait, then the Emirates, then Qatar, then Jordan, then the Sultanate of Oman, then Bahrain, then Yemen, then Iraq, and finally Lebanon. The number of Egyptians residing in Arab countries reached 7.1 million Egyptians by the end of 2021.
Source (Youm7.com Website, Edited)
