Net FDI in Egypt surge 94% during Q1 of 2022/2023

CAIRO - 22 February 2023: Net foreign direct investment (FDI) hiked 94 percent in the first quarter of the current fiscal year 2022/2023 on an annual basis, to hit $3.3 billion, according to the Cabinet.

The Cabinet added, in a meeting held Wednesday, that the permanent unit in the cabinet to support investors has completed more than 80 percent of what was offered to it, which stimulated foreign direct investment numbers during the first quarter of the current fiscal year.