Egypt expects to attract foreign direct investments amounting to $12 billion during the current fiscal year, compared to $10 billion during the last fiscal year, according to expectations of the General Authority for Investment and Free Zones and data from the Central Bank of Egypt.
Egypt is counting on foreign direct investment to achieve 7% of its annual dollar returns starting in 2026 when the government aims to increase its dollar revenues to about $ 192 billion, an increase of $ 70 billion from current rates, according to Egyptian Cabinet data.
Egypt has attracted more than $3 billion in foreign direct investment in industry alone since the beginning of this year. It is expected that the coming period will witness the signing of new investment agreements with German, Indian, Chinese, Malaysian, and Turkish companies in various industrial fields.
Source (Al-Arabiya.net Website, Edited)
