Categories: Business

Egypt records highest-level foreign direct investment


Thu, 2023-02-23 16:33

RIYADH: Egypt recorded the highest-ever foreign direct investment in a single quarter during July to September 2022, amounting to $3.3 billion, according to the country’s Prime Minister Mostafa Madbouly. 

The Prime Minister said in a press conference that the country recorded a 94 percent growth in foreign investment on a year-on-year basis.  

Foreign direct investments in Egypt during the last fiscal year, 2021-2022, reached the highest in 10 years amounting to $8.9 billion.  

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