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FinancialNews
10-02-21
UAE, UK take 1st place in biggest foreign investors in Egypt
(MENAFN)Official statistics showed that the UAE and the UK considered the two biggest foreign investors in Egypt in the year 2019/2020.
The rate of foreign investment flowing into Egypt has improved 26.4 percent to USD15.8 billion, in comparison with USD12.5 billion in 2015/2016, stated the Egyptian Cabinet’s information and decision support center.
By USD4.8 billion, Britain was the first one for investment in Egypt over the time period, followed by the UAE with USD1.6 billion.
The UAE ranked first in the Arab world in terms of its inflows to Egypt, increased from USD800 million in 2016/2017.
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