Egypt ranks 4 in capturing FDI in 2016 - UNCTAD

CAIRO - 19 June 2017: Egypt ranks fourth in the top four African countries receiving foreign direct investment (FDI), after Angola, Nigeria and South Africa, according to a report by the United Nations Conference For Trade and Investment (UNCTAD).

In a statement by the UNCTAD for June, which was obtained by MENA, the report said that the volume of FDA reached 8.1 billion dollars during 2016, representing 14% out of total investments coming from the African Continent which reached 59 billion dollars.

The report said that the flow of FDI in Egypt increased by 17% in 2016 if compared to the same period last year.