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FinancialNews
04-11-19
WB, OECD, UNCTAD praise Egypt's foreign investment climate in 2019
(MENAFN) A study by UK Standard Chartered Bank (SCB) has revealed that 66 countries, including 14 African states, are considered a destination for investment and multinational firms.
The United Nations Conference on Trade and Development (UNCTAD) confirmed that Egypt is the most attractive for foreign direct investment in Africa during H1 2019.
UNCTAD unveiled that Egypt has attracted FDI flows worth USD3.6 billion. It also mentioned that the FDI flows to Africa registered USD23 billion during 1H 2019, declined by two percent from the same period in 2018.
Also, a number of new investment deals were revealed, in the latest report of UNCTAD on global investment approaches. This is seen as an international indication on the investment climate in Egypt; following the praises it received by the World Bank (WB) and the Organization for Economic Co-operation and Development (OECD).
MENAFN0411201900450000ID1099217581
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